Ecommerce: Had a Significant Impact on Indian Economy
Feb 9, 2018 Satish Chandra
In India, eCommerce is a growing sector and the year 2010's will be remembered for the growth in the eCommerce industry just like the growth of IT industry in India through the 1990s. Simply we defined eCommerce is Selling and buying of products or services through online. But the changes it made in the global market is really drastic. Today eCommerce is in the driving seat of the retail market and India is the second largest market in the world and started to take all the benefits of eCommerce. The impact it is making in the economy of India is extraordinary. Every single eCommerce website designing company in India who brings money to India through overseas projects has contributed a lot to a positive impact on Indian Economy.
At present, the eCommerce to GDP (Gross Domestic Production) is about 0.2% which is anticipated to grow 15 times (about 2.5%) by 2030. Also, the contribution of eCommerce to GDP is anticipated to reach to about 300 Billion Dollars By 2030.
Why Accept Ecommerce
People of India have a tendency to accept new things from the world and the case of eCommerce was also not different. However, the starting of eCommerce was an experiment. But the way Indians respond to it and accept the things was unbelievable. The drastic boosts of online users across the globe are the reason behind the incredible growth of eCommerce. Apart from this, the trust that created by the eCommerce giants like Amazon, Flipkart, Snapdeal, etc is one of the main reasons behind the gradual increase in the use of online markets. Once these giants started to make sure the quality of products, security of money and fast services people become more desperate and comfortable in using eCommerce sites for buying and selling things.
Some other benefits include International market in your fingertips, Online Payment & Cash on delivery facilities, Sell or buy at your convenient eCommerce site and at your convenient time, Lower prices and discounts offers and deals due to the high competition.
Ecommerce Website Development In India
India is one of the leading eCommerce web development countries in the world. And, eCommerce website designing service companies in India bring a lot of money to the Indian economy. Do you know every year a huge number of web design and development projects exporting from India and is providing employment for a large number of IT people.
Moreover, every Website Designing Company in India is helping make the market more competitive, driving accessibility of products and services to all and riving better customer experience. They are also bringing transactions online and this is making the system more clear and transparent which helping in driving corruption levels down. The impact of eCommerce in India is enormous and will evolve with time