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The Rise in the Sharing Economy: Indian Perspective

The Rise in the Sharing Economy: Indian Perspective
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Author(s): Leena Ajit Kaushal (Management Development Institute, India)
Copyright: 2018
Pages: 17
Source title: Global Entrepreneurship and New Venture Creation in the Sharing Economy
Source Author(s)/Editor(s): Norhayati Zakaria (University of Wollongong in Dubai, UAE)and Leena Ajit Kaushal (Management Development Institute, India)
DOI: 10.4018/978-1-5225-2835-7.ch007

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Abstract

Peer to Peer sharing economy has tremendous potential for decentralized innovation and new ventures in a developing country like India but apart from self regulation there is need for a new regulatory framework to realise its full potential. The regulatory policy should concurrently enhance the key efficiencies of sharing platforms along with protecting consumers' rights. Government should aim to secure the opportunities offered by these sharing platforms to optimise their operations and better utilisation of public resources. Thoughtful regulatory intervention can serve to encourage the development of new ideas and new ventures in the sharing economy.

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