<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:150%;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none"><span style="font-family: tahoma, sans-serif; font-size: 14pt;">Food and Consumer Affairs Minister Ram Vilas Paswanhas said India is in the process of framing rules to regulate the e-commercesector, which is expected to touch USD 120 billion by 2020.</span></p>''<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:150%;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none"><span style="font-family: tahoma, sans-serif; font-size: 14pt;"><br />''</span></p>''<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:150%;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none"><span lang="EN-IN" style="font-size:14.0pt;line-height:150%;font-family:tahoma,sans-serif;mso-ansi-language:en-in">Speaking at the 3rd Intergovernmental Group of Experts(IGE) convened by the United Nations Conference on Trade and Development(UNCTAD) in Geneva he said While e-commerce in India is growing at an annualrate of 51 per cent, the laws regulating the digital marketplaces are stillevolving. <o:p /></span></p>''<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:150%;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none"><span lang="EN-IN" style="font-size:14.0pt;line-height:150%;font-family:tahoma,sans-serif;mso-ansi-language:en-in"> </span></p>''<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:150%;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none"><span lang="EN-IN" style="font-size:14.0pt;line-height:150%;font-family:tahoma,sans-serif;mso-ansi-language:en-in">Paswan said E-commerce, which is India's fastestgrowing and most exciting channel for commercial transactions, is expected tojump from USD 30 billion in 2016 to USD 120 billion by 2020. <o:p /></span></p>''<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:150%;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none"><span lang="EN-IN" style="font-size:14.0pt;line-height:150%;font-family:tahoma,sans-serif;mso-ansi-language:en-in">  <o:p /></span></p>''<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:150%;mso-pagination:none;mso-layout-grid-align:none;text-autospace:none"><span lang="EN-IN" style="font-size:14.0pt;line-height:150%;font-family:tahoma,sans-serif;mso-ansi-language:en-in">The minister said the launch of the Unified Payments Interface (UPI) by the Reserve Bankof India (RBI) has been a game changer. Highlighting measures taken to protectconsumers and their interest, Paswan said India has sustained a single-digitfood inflation in the last four years and is currently within an"acceptable range" despite rise in crude oil prices recently.</span></p>