Consumer protection measures help empower consumers by providing them required information so as to make important decisions about the purchases done by them.
Consumer protection is one of the most important aspect of the modern economies, with an objective of protecting the rights of consumers against such unfair trade practices and thus, ensure fair and efficient mechanisms for dispute resolution.
India, as one of the fastest-growing economies in the world, has taken significant steps in consumer protection, with Consumer Protection Act 2019, which provides for a strengthened legal framework for consumer rights.
But, in spite of these policy efforts and mechanisms for grievance redressal, overall time taken in dealing with the consumer grievances in India still remains a challenge, with significant backlog of pending cases.
The pendency of dispute redressal system results in the mental, financial, as well as emotional hardships for consumers and would require the reimagining or redesigning the current dispute resolution structure. An urgent need is required to lessen the mediation of the procedural, proper, ...Read More
The pendency of dispute redressal system results in the mental, financial, as well as emotional hardships for consumers and would require the reimagining or redesigning the current dispute resolution structure. An urgent need is required to lessen the mediation of the procedural, proper, and process brokers in the system.
Why is Consumer Protection Important ?
To Empower the Consumers:
Consumer protection measures help empowering the consumers by providing them the required information to make important decisions about the purchases done by them. A consumer can exercise his or her rights of demanding quality products and services as well as demanding appropriate compensation in case they have received substandard products or services from the seller.
To Prevent Fraudulent Activities:
Consumer protection laws would help preventing fraudulent activities by the consumers, including those of false advertising, misleading labelling, as well as price manipulation. This shall not only protect the consumers but would also promote fair competition in the market.
Reduce the Health and Safety Risks:
Consumer protection measures would help reduce the health and safety risks related to using respective products or services. Say for example, regulations applied by the respective authorities on food products, pharmaceuticals, and medical devices would help ensure that they confirm with the minimum safety standards.
Helps Promoting the Economic Growth:
Ensuring protection to consumer will promote economic growth, as it would create a level playing field for various businesses ina fair manner. This shall increase the confidence of the consumer in the market, leading to increase in the spending, investment, as well as job creation.
Would Uphold Consumer Rights:
Consumer protection measures would help ensuring the basic rights of consumers, including the right to be informed about the product, right to choose, the right of safety, as well as the right to be heard. These rights are necessary in order to build a fair and just society.
What are the Obstacles with the Consumer Protection in India ?
1.Pendency of Cases:
2.Lack of Infrastructure:
3.Inefficient Grievance Redressal Mechanisms:
4.Lack of Awareness:
Initiatives taken by the Government for Consumer Protection
Steps to be taken to ensure the protection of consumer rights in India
1.Consumer Awareness:
2.Product Quality Standards:
3.Redressal Mechanisms:
E-commerce Regulations:
Improving Data Governance:
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