Globally, E-waste is experiencing an unprecedented growth in the recent years. This growth will be fueled further by the COVID-19 pandemic owing to the new work culture where people are becoming more dependent on their electronic products than ever before. However, governance of E-waste, particularly in the Global South, has been a complex phenomenon. Considering this, the current study attempted to assess the design, adoption, and implementation of E-waste policies in India—a major electronics manufacturing hub with a massive consumer electronics market. Taking hints from theoretical concepts such as policy transfer, policy convergence, and policy effectiveness, the study addressed the primary research question: why India adopts E-waste policy approaches that seem inadequate and ineffective in its local contexts and attempts to identify alternative approaches. Through expert interviews and policy document analysis, it was observed that E-waste policy approaches in India are largely influenced by the European Union’s Waste Electrical and Electronic Equipment (WEEE) Directive. All the experts interviewed recognized absence of the informal sector in India’s policy efforts of both 2011 and 2016 as a significant lacuna in the country’s E-waste policy responses. In this paper, the author argues that there should be policy change towards a healthy collaboration between the informal and formal sector where best-of-the-two-worlds could be wisely used for sustainable E-waste governance in India.