Indian Startup Titans Push for Ex-Ante Digital Regulation

Indian startup founders addressed Union Minister Nirmala Sitharaman, urging an ex-ante framework for regulating digital markets. They stress that big tech firms dominate the discourse against such regulation. They recommend a transparent market study to ensure balanced policymaking and support fair competition and consumer welfare.

A collective of notable founders from India's burgeoning startup scene have reached out to Union Minister Nirmala Sitharaman, stressing the importance of implementing an 'ex-ante' regulatory framework to oversee digital markets. They argue this remains crucial in the face of opposition predominantly from global tech giants.

The founders, including figures such as Anupam Mittal and Murugavel Janakiraman, assert that opposition material from major tech companies could skew public perceptions, hindering fair policy development. They call for transparency and inclusivity in an upcoming study on digital competition to ensure balanced policymaking.

With the government's intention to conduct a comprehensive market study before revisiting the 'ex-ante' framework, the startup heads advise rigorous consultation, emphasizing the involvement of independent, credible experts. Their appeal highlights the need for equitable growth by ensuring a level playing field for Indian startups within the digital economy.

(With inputs from agencies.)