Impact of E - Commerce on the Indian Economy

Registration ID: IJNRD_185827

Published ID: IJNRD2301077

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Dr. Ajay Kumar

E- Commerce, interchangeably, transactional, accessibility, perceived.

E-commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet. These business transactions occurs business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e - commerce and e - business are often used interchangeably. The term e - tail is also sometimes used in reference to transactional processes around online retail. E- Commerce draws on technologies such as mobile commerce, electronic fund transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange, inventory management software, data collection system E-commerce is conducted using a variety of applications, such as email, fax online catalogs and shopping carts, Electronic Data Interchange , File Transfer Protocol, and Web services. Most of this is business to business, with some companies attempting to use email and fax for unsolicited ads to consumers and other business prospects, as well as to send out e-newsletters to subscribers. E- Commerce is a growing sector in India. Just like the growth of IT industry in India through the 1990s, the 2010s will be remembered for the growth in the E-Commerce industry. In its present state the contribution of E-Commerce to GDP is around 0.2% which is expected to grow 15 times to around 2.5% by 2030. The impact is so huge that the present wave of demonetization could have not been thought if E-Commerce did not exist. E-Commerce to a large extent helped absorb its shock as well as gained the maximum out of it as well. By 2030 the contribution to GDP by E-Commerce is expected to reach to around 300 Billion Dollars which is around 20 Billion Dollars in its present state.

Published Paper   E-Certificate

Dr. Ajay Kumar (January-2023). Impact of E - Commerce on the Indian Economy. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(1), a650-a662. https://ijnrd.org/papers/IJNRD2301077.pdf

Volume 8 Issue 1, January-2023

Pages : a650-a662

Paper Reg. ID: IJNRD_185827

Published Paper Id: IJNRD2301077

Downloads: 000122254

Research Area: Commerce

Author Type: Indian Author

Country: Kangra, Himachal Pradesh, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2301077.pdf

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