Legal Issues in E-Commerce Transactions - An Indian Perspective

Abstract

Recent advances in telecommunications and computer technologies have moved computer networks to the centre of the international economic infrastructure, everyone with a computer and connected to the Internet has become a potential player and a potential market. These technological developments have gone hand in hand with a trend, predominantly in the developed world, towards a post-industrial knowledge economy. The vast majority of these 'e-commerce' transactions to date have taken place in countries with advanced economies and infrastructure. For developing countries such as India, e-commerce offers significant opportunities; e-commerce diminishes existing advantages of cost, communication, and information, and may create new markets for indigenous products and services. Many Organizations and communities in India have begun to take advantage of the potential of the e- Commerce, critical challenges remain to be overcome before its potential can be fully realized for the benefit of all citizens.