India, Oct. 1 -- There is need for ONDC to redefine its role and relevance in the Indian context. To become relevant, Government needs to set up a regulator like RBI to regulate all the e-commerce players in India. Similar to UPI, all the e-commerce players need to be mandated by such regulator to join the ONDC

ONDC (Open Network for Digital Commerce) was started by the Government of India in April 2022 after the success of UPI - a digital payment app. UPI's success excited many government and private institutions to start similar initiatives for other sectors - digital infrastructure for public good. E-commerce during that period was showing phenomenal growth in India and many players, both foreign and domestic, were doing unprecedented...