CONTRACTUAL PRESPECTIVE OF INFORMATION TECHNOLOGY ACT, 2000

摘要

An interesting factor emerging in the world of computer technology has been the rising of India as a major player in the computer software and resources sector. The economics of this factor has baffled economists worldwide. A third-world country which ranks almost at the bottom of the development index could raise to such potential in one of the world's most hi-tech and growth-oriented sectors is indeed remarkable. According to recent surveys, the trends in the software industry appear to be repeating themselves in the virtual world. India's position in the internet industry makes it really explosive. India will have the largest number of internet-users in Asia by this year end, implying a yearly growth rate of over 73%. The e-commerce scenario is also bullish. This unprecedented growth of internet, the concomitant regulatory lears that go with it and the need for providing a legal framework for e-commerce in India forms the background in which the Information Technology Act, 2000 (the Act) needs to be appreciated.