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The Rise in the Sharing Economy: Indian Perspective

The Rise in the Sharing Economy: Indian Perspective

Leena Ajit Kaushal
Copyright: © 2018 |Pages: 17
ISBN13: 9781522528357|ISBN10: 1522528350|EISBN13: 9781522528364
DOI: 10.4018/978-1-5225-2835-7.ch007
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MLA

Kaushal, Leena Ajit. "The Rise in the Sharing Economy: Indian Perspective." Global Entrepreneurship and New Venture Creation in the Sharing Economy, edited by Norhayati Zakaria and Leena Ajit Kaushal, IGI Global, 2018, pp. 113-129. https://doi.org/10.4018/978-1-5225-2835-7.ch007

APA

Kaushal, L. A. (2018). The Rise in the Sharing Economy: Indian Perspective. In N. Zakaria & L. Kaushal (Eds.), Global Entrepreneurship and New Venture Creation in the Sharing Economy (pp. 113-129). IGI Global. https://doi.org/10.4018/978-1-5225-2835-7.ch007

Chicago

Kaushal, Leena Ajit. "The Rise in the Sharing Economy: Indian Perspective." In Global Entrepreneurship and New Venture Creation in the Sharing Economy, edited by Norhayati Zakaria and Leena Ajit Kaushal, 113-129. Hershey, PA: IGI Global, 2018. https://doi.org/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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