Today, the European market growth is increasing. These last ten years, electronic sales have been increasing a lot, particularly in Western Europe. For example, in United-Kingdom, 89% of internet users have bought something or the other through the internet in the last six months. 70% of the sales are concentrated in United-Kingdom, Germany, France and Belgium. We can divide the European Union into two parts. Western Europe that we can consider as a mature market and East-Central European countries where the electronic commerce is still in expansion. But there are some exceptions as Portugal or the Czech Republic and also Spain to a certain extent. Indeed, Portugal is in the process of expansion, whereas Czech Republic is almost mature. Electronic commerce laws in India are dictated by the 'Information Technology Act' of 9th June 2000, and revised in 2008. The Information Technology Amendment Act, 2008 passed on 23rd December 2008 and received the assent of President of India on 5th February, 2009. But it came into force on 27th October, 2009. Modern communication systems have come to be increasingly used by businessmen and in the all day to day life, and this phenomenon continues to grow. Everybody started to use a computer to create, share and save information. So this share of information is easy and fast, but can be easily stolen. With the increasing number of international transactions executed by means of electronic commerce comes the need for guidelines for electronic commerce and certification of the validity of electronic transactions.
APA Style reference
For your bibliographyOnline reading
with our online readerContent validated
by our reading committee