Economic Imperatives of Evolving National Digital Policy: A Call for a Modern Industrial Policy Framework in India.

The world economy is witnessing the rapid digitization of global production, trade, and consumption of goods and services, which is significantly impacting economic activities in both developing and least developed countries. In this article, we examine and review the evolving framework of the national e-commerce policy in India and map digital policies in the broader contours of the industrial policy framework. Findings of this article show that interventionist policies such as localization of data and restrictions on cross-border data flows are vital for building domestic digital infrastructure, firms, platforms, and capabilities. [ABSTRACT FROM AUTHOR]