An initial draft of the proposed national e-commerce policy was circulated among stakeholders last month to receive their comments
The government has also come under fire from retailer bodies for lax implementation of existing FDI norms
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