E-COMMERCE TRENDS IN INDIA

While Indian online market future is going to be boom the retailers are also moving towards online stores. It is a peak time; to cut-off the competition some retailers have already made their e-commerce website along with mobile apps. Soon the retailing market will totally be over-shadowed by online retailing. So its an indication for those who are still stuck over the thought of going for online business.

Introduction

THE E-COMMERCE EVOLUTION

1946 : First Computer ENIAN, constructed at University of Pennsylvania

1970 : First applications of electronic data interchange(EDI) surface

1989 : Internet users exceed 100,000

2000 : Internet users exceed 360 million, dot-com bust occurs

2015 : The number of internet users worldwide will surpass 3 billion in 2015.

GROWTH OF E-COMMERCE IN INDIA

Source: Technopak

SECTORSToday, in India, several goods and services are bought online. The e-commerce landscape includes companies that provide a single product or service as well as multi-service firms.

• Travel

• Automobiles

• Financial services

• Gifts

• Matrimony

• Stock Trading

• Real Estate

• Job Search

• Online Retailing

• Online Ads5

FUTURE OF E-COMMERCE

India’s first E-Commerce site was made by Indian railways for the purpose of selling online railway train reservation tickets. After that there has been no looking back and various other businesses have gone online including both the private and public sector. With these advancement almost all companies have seen a major boom in their sale as compared to retail sales. There lies a great future ahead for all those who are still stuck with their retail market.