Emergence of E-Commerce – a Brief History – Indian Scenario

 Emergence of E-Commerce – a Brief History – Indian Scenario


Abstract 

As the name implies, e-commerce refers to the electronic process by which individuals or organizations conduct a transaction E-commerce offers buyers and sellers a number of benefits, including cost savings and increased choice. Indian e-commerce has seen impressive growth in the last few years, thanks to an increase in online users and mobile phone use. The sector is expected to grow due to India's demographic dividend and growing internet accessibility. On this page, you'll learn about the current state of Indian e-commerce, as well as some recommendations.

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Introduction

e-commerce is the electronic process by which individuals or organizations make a transaction, such as buying, selling, transferring, and exchanging products, services, and information (Turban, McLean and Weather be 2004). Briefly put: E-commerce has revolutionized the way business is conducted around the world by eliminating the need for huge investments or expenditures on physical infrastructure. For electronic commerce, you'll use the term E-Commerce. As a result, goods and services are exchanged via electronic media and the Internet, and no paper documents are used to do so. Businesses or segments of businesses that use an electronic network, such as the Internet, to conduct business. There are four major market segments in which electronic commerce is used: Business-to-Business, Consumer-to-Consumer, and Consumer-to-Business.

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Conclusion

It's hard to quantify the social change that new technologies, especially mobile, have sparked in India, according to PwC's Future of India: The Winning Leap. There are quantitative measures of internet and social media usage but it's much more difficult to describe how these trends have changed people's attitudes, beliefs, and behaviors. To encourage more consumption, new technologies will help improve the retail customer experience. Connectivity has been a key outcome of India's technology revolution, allowing for unprecedented access to information. Millions of people who previously had no way to participate in the national conversation can now learn more about the world around them. Knowing crop prices is a must for all farmers.

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