Data privacy issues, online frauds hinder ecommerce growth: Economic Survey

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The story "Data privacy issues, online frauds hinder ecommerce growth: Economic Survey" was covered 11 hours ago by YourStory, a news publisher based in India.

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Data privacy issues, online frauds hinder ecommerce growth: Economic Survey - YourStory

Quick Summary:

Citing third-party data, the survey said that the ecommerce industry in India is expected to cross $350 billion by 2030 and called for the need to educate users on the safe use of ecommerce platforms.

It said that the government is spearheading data protection laws and cybersecurity policies to safeguard consumer data and strengthen cybersecurity measures in the services sector.

Growing startups and innovative social media platforms provide an opportunity to test unique business models that might be targeted to specific demographic cohorts," the survey said.