‘IT’ IS THE EST THEY DID
With the unprecedented growth of India’s IT sector since economic reforms, the government of India on June 9, 2000, enacted the Information Technology Act in order to provide legal recognition to trade transactions carried out by means of electronic data interchange and other means of electronic communication. The act was passed by India after the adoption of Model Law on Electronic Commerce by United Nations Commission on International Trade Law in 1997, which recommended all states to give favourable consideration to the Model Law adopted in the resolution. Another happy twist in the happy story about the rise of Indian IT.
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