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The Global Network Initiative (GNI) released a report, “Closing the Gap: Indian Online Intermediaries and a Liability System Not Yet Fit for Purpose,” prepared by Copenhagen Economics, which found that online platforms that support user-generated content can become an important part of India’s Internet economy and contribute approximately INR 2.49 lakh crore (USD 41 Billion) by 2015—in addition to the contribution of other elements of the Internet economy.
This would mean that two years from now their GDP contribution may increase to more than 1.3 per cent, provided that the current legal liability regime is improved. Additionally, the positive productivity effects of online intermediaries will be significant—creating an even greater impact in India in areas like e-sales and e-procurement compared to their impact in Europe or the US.
Read the report here.
Read the executive summary here.