FUTURE OF E-COMMERCE IN INDIA

Abstract

E-commerce as anything that involves an online transaction. E-commerce provides multiple benefits to the consumers in form of availability of goods at lower cost, wider choice and saves time. The general category of e-commerce can be broken down into two parts: E-merchandise: E-finance. E commerce involves conducting business using modern communication instruments: telephone, fax, e-payment, money transfer systems, e-data interchange and the Internet. Online businesses like financial services, travel, entertainment, and groceries are all likely to grow. Forces influencing the distribution of global e- commerce and its forms include economic factors, political factors, cultural factors and supranational institutions. It has an impact over the economy of many countries among which India is on the top of that list. It has named as new gold rush in e-commerce. E-commerce has many reasons that why it is very crucial in developing the country . For the study we have taken several parts of the world such as North America , Latin America , Europe , Middle-East , Africa and South Asia ,and Australia. E- commerce has an intent to bring some transformation in the society and that‘s the reason it’s essential for the B2B and B2C commerce