Economy2026
Which one of the following best describes the key objective of India's 'Open Network for Digital Commerce' (ONDC) initiative?
Explanation
The 'Open Network for Digital Commerce' (ONDC) initiative aims to democratize digital commerce in India by fostering a more competitive environment that reduces the monopoly of large e-commerce platforms. By promoting interoperability among various digital commerce networks, ONDC enhances market accessibility for small and medium enterprises (SMEs) and local businesses, thereby ensuring consumer choice and driving innovation. This approach aligns with India's broader economic objectives of boosting entrepreneurship and equitable growth, making the initiative crucial for sustaining the livelihoods of diverse stakeholders in the digital economy, which is a relevant topic in the UPSC Prelims GS Paper I.
