National e-commerce policy after a year, no change in FDI guidelines

The government decision to stay firm on the e-commerce FDI rules coincides with US Secretary of State Mike Pompeo's visit to India before he heads for the G20 meet in Japan

The wait for an e-commerce policy will get much longer now with the government setting a 12-month deadline for it. After an e-commerce policy draft in February had drawn industry flak, the government was in the process of reviewing it. While a comprehensive policy is expected around the middle of 2020, the government has made clear that there would be no changes in the foreign direct investment (FDI) rules in the sector. 

The government decision to stay firm on the e-commerce FDI rules coincides with US Secretary of State Mike Pompeo’s visit to India before he heads for the G20 meet