ELECTRONIC CONTRACTS UNDER INDIAN LAWS

India jumps to 9th place in terms of FDI received in year 2019. As per a report of UNCTAD India received a total of USD 51 billion foreign direct investment in year 2019. UNCTAD further added in its World Investment Report 2020 that the Country will continue to attract foreign investment post COVID-19 pandemic period.

The report also highlighted that Information and Communication Technology (ICT) and Construction industry attracted most of the foreign investments compared to other industries. Global companies are rapidly growing their business by developing local digital ecosystem in collaboration with many local and regional digital players in India which is another major factor for increased foreign investment in ICT industry.

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