The Unsupervised Business Practices Through Online Market Platforms Causing Barriers to Sustainable Economic Growth: Need for Legal Reforms

The main ethos behind SDG goals is to recognize that any action in one area can impact results in others. The goals are focused on attaining a balanced and all-inclusive development which will ensure a harmonious relation between social, economic, and environmental feasibility. To maintain a sustained economic growth through online market and to safeguard such business practices which have gained immense popularity during the COVID- 19 pandemic a set of legal rules is required. But unfortunately, the required standard of legal development has been failed to emulate the rate of rapid digitalization and AI revolution in Bangladesh. The vacuum is getting greater with the passing of time and because of this numerous fraud cases are being occurred. The age-old legislations regarding sale of goods and contractual liabilities are required to be updated in attending and defining virtual business conducts.