Impact of E-Commerce on Indian Economy and Communication

Abstract

This paper reveals the economic as well as communication impacts of e-commerce in India. It is the India's fastest developing business sector with Compound Annual Growth Rate (CAGR) 52% to touch USD 36.7 billion by 2020. The expanding entrance of cell phones and virtual worlds are altogether adding to the development of internet business. Advantageous installment process, expedient conveyance of item, high rebate, client amicable strategies and simple returns are driving more clients towards internet shopping. Because of the computerized upheaval, the internet business segment in India increments from $3.8 billion out of 2009 to $17 billion of every 2014. It is relied upon to cross $100 billion inside the following five years which will contribute over 4% to India's GDP. Online business gives a valuable asset to the development of MSME's and all parts of the rustic group. The 'Computerized India' venture which expects to offer a one-stop search for Government administrations will support this part by acquainting the web with remote corners of India.