Thread by @factsforupsc

#Prelimspotentialquestions #PPQ

ONDC is in news so impt for prelims

let's luk at folwng statement

⭕️S1 ONDC initiative by DPIIT, Ministry of Commerce and Industry,GOI

⭕️S2 ONDC is a global first-of-its-kind initiative to democratize the digital commerce marketplace

Soln 👇

🔴ONDC is Open Network for Digital Commerce

✅️It is globally first-of-its-kind initiative that aims to democratize digital commerce.

✅️It will enable the display of products and services from all participating e-commerce platforms at one platform

🧵👇

Eg A person tries to buy on Amazon plarform,only sellers from Amazon show their products

✅️But after ONDC,buyer registered on Amazon site may purchase goods from a seller on another e-commerce platform like Flipkart

Buyer Seller No More Need to Come On Same Platform
🧵👇

➡️It is neither an aggregator application nor a hosting platform, it's a network that allows different platforms to come together

➡️It will provide a common digital space for buyers and sellers

👇🧵

❇️It is referred to as the UPI of e-commerce

❇️Freely accessible, democratize e-commerce government-backed platform

❇️Aims to move from a platform-centric model to an open network for buying and selling goods and services.

➡️It is Open Source platform

➡️Open source’ implies that the technology or code deployed for the process is freely made available for everyone to use, redistribute, and modify. Eg Android is Open source 😀 , Apple ios is closed ✖️
🧵👇

✅️All existing digital commerce applications and platforms can voluntarily choose to adopt to be a part of the ONDC network.

✅️It would end monopolies of large e-commerce companies, leading to improvement in access, innovation, and variety of businesses.👇🧵

So both above statements are true

ONDC is Important topic for #UPSCPrelims2023
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