Future of E-Commerce in India

Abstract

E-commerce encompasses all types of trade that take place solely in cyberspace. There are many advantages to buying things online, including greater selection, lower prices, and greater ease of use. E-commerce can be broken down into two distinct areas: sales of goods and services over the Internet, and the use of the Internet for financial and retail transactions. E-commerce, or electronic commerce, is the practis of conducting business dealings via electronic communication technologies such as the Internet, telephones, and fax machines. The banking, tourism, media, and retail sectors are just a few examples of online businesses that stand to benefit from future expansion. Where and how various forms of international electronic commerce are practis around the world is determined by a variety of economic, political, cultural, and supranational institutions. The Indian economy will not be the only one hurt by this. The Internet economy has been compared to a "gold rush." E- significance commerce's to the expansion of the economy can be attributed to a number of factors. The study looked at regions all the way from Australia to the Antarctic, and from North America to South America. The potential for e-commerce to better people's lives and the world at large makes it essential for both B2B and C2C transactions.