E-Commerce Have Revolutionized Indian Economic Growth

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E-Commerce Have Revolutionized Indian Economic
Growth The ecommerce sector is changing the
retail landscape in India. This means it is
looked upon by many as a monster which will
ultimately end up demolishing the brick and
mortar retail industry. E-commerce is basically
the paperless exchange of goods or services
through the use of electronic data. With growing
internet usage, it is easier for people to
network with each other as well as with
institutions through this common medium. All it
needs is an interactive website, proper security
and a payment gateway. Many Indian web design
companies offer cutting edge solutions in this
area and as such, India is a software
powerhouse. E-commerce is the biggest thing that
happened to India since the mobile revolution.
This change has an all pervading impact on the
economy and has the potential to reshape the
Indian economy by the next decade. Through E
commerce one can relax, sit back and order
organic beauty products and get it delivered at
door step.

• Lets see how growth of ecommerce would impact
  various spheres of Indian economy
• Faster Financial development- The e-commerce boom
  has given a boost to manufacturing, transport,
  sales and other related activities. This is
  fostering an overall environment for financial
  growth of various sectors.
• Markets in unreachable pockets of India- Online
  retail is no longer limited to the big towns and
  cities. The unreachable pockets and 2nd and 3rd
  tier towns are now being targeted as the largest
  untapped potential audience by e-commerce
  companies. They are overcoming

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• infrastructure barriers by creating warehouses in
  the most remote locations. E commerce like
• Galwaykart are enabling easier access of goods
  and services to the remotest corners.
• Providing Employment- Currently e-commerce is
  providing 1 million jobs to the Indian work
  force. Indian ecommerce industry statistics
  forecast a massive growth in employment
  opportunities in this sector which would create
  12 million new jobs in coming decade.
• Increased exports- Startup environment has seen a
  positive growth with the rise of e- commerce.
  SMEs operating from home or garage are able to
  sell on popular marketplaces and cater to global
  audience. This is contributed to increased
  exports even from the unorganized sectors.
• Changing the face of retail - Retail market has
  been revolutionized by e-commerce. Online stores
  are offering better choices, deep discounts and
  convenience of shopping. It has become easy to
  buy herbal healthcare products without going to
  any physical store. Brick and mortar shops
  account for only 10 of total retail sales.

Overall, the future of e-commerce solutions and
the related service industry looks bright. This
is not a prediction but is a fact based on
ground realities. The solutions have truly
touched the everyday lives of the common people
and with increased internet penetration into the
rural areas, e-commerce is set to positively
remodel the Indian economy.