In 2017, almost $21 billion worth of PE investments made its way into e-commerce companies and start-ups
On the issue of a potential regulator for the sector, the Commerce Secretary said it would depend on whether the policy needed legislative requirements and new regulations or existing laws sufficed
RCEP is a free-trade agreement between 10 countries of the Association of Southeast Asian Nations
However, India hopes to stick to development and agri-based issues
The worry is that too many policy flip-flops may make the sector nervous, as it is already facing investor markdowns and a slowdown in fundraising
Ind-Ra also said the traditional offline retailers are unlikely to benefit as the policy is directed towards defining and limiting the scope of operations of e-commerce business