Impact of E-commerce on an Indian economy
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This document presents information on the impact of e-commerce on the Indian economy. It defines e-commerce as buying and selling products and services online, and notes that it allows business without barriers of distance or time. The document outlines the key features of e-commerce like non-cash payments and 24/7 availability. It also discusses the types of e-commerce transactions and the pros and cons. While acknowledging that e-commerce is still nascent in India, it argues that government initiatives and the growth of internet access are contributing to the rapid growth of the industry, which is expected to significantly contribute to India's GDP.
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E commerce
E-commerce refers to the buying and selling of goods and services over electronic systems like the Internet. It allows consumers to browse catalogs, place items in a shopping cart, pay for purchases, and receive order receipts online. There are several types of e-commerce including business-to-business (B2B), business-to-consumer (B2C), business-to-government (B2G), consumer-to-consumer (C2C), and mobile commerce (M-commerce). E-commerce provides advantages such as faster transactions, global reach, and lower costs, but also disadvantages like the inability to examine products personally and security risks.
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The document discusses the rise of e-commerce in India, specifically focusing on the success of Flipkart. It begins with introducing e-commerce and defining it. It then discusses the growth of online shopping in India due to improving internet access and socioeconomic conditions. It provides an overview of Flipkart, highlighting how it has grown from revenues of $77 million in 2011-2012 to an estimated $350 million in 2012-2013. The document reviews literature related to online shopping behavior and factors influencing consumers. It outlines some advantages of online shopping such as saving time, lower costs, product delivery, and access to global stores.
“TO STUDY THE GROWTH OF E-COMMERCE INDUSTRY IN INDIA”
E-commerce can be divided into 7 subsections:/
History of E-Commerce / SWOT Analysis of the E-commerce Industry / Growth in sale of the E-commerce Industry / Future Growth Prospects of Indian E-commerce Sector / Reasons for Growth of E-commerce Sector in India: / Financial Analysis of E-Commerce Industry / TOOLS OF E-COMMERCE / RESEARCH METHODOLOGY of E-commerce / a Descriptive study about E-Commerce Industry.
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Electronic commerce, commonly known as e-commerce or e-Commerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks
Ecommerce allows consumers to electronically exchange goods and services with no barriers of time or distance.
Electronic commerce has expanded rapidly over the past five years and is predicted to continue at this rate, or even accelerate.
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This document provides an overview of e-commerce applications in India based on an empirical study. It discusses the evolution of commerce from barter systems to modern e-commerce enabled by the internet. While e-commerce is still developing in India, major portals have started offering a wide range of products and services online. The study finds that most early e-commerce sites targeted NRIs but major portals have shifted to general e-commerce. Banks have also implemented online services. However, regulations around digital signatures and payments have hindered growth. But with private internet providers and a supportive IT policy, the future of e-commerce in India looks positive.
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E-commerce involves the buying and selling of goods and services over the internet. It provides several advantages over traditional commerce like lower costs, 24/7 access, and a larger customer base. Popular examples of e-commerce include business-to-business sites like Intel selling to Asus, business-to-consumer retailers like Flipkart in India, and consumer-to-consumer sites like eBay. While e-commerce provides many benefits, it also faces disadvantages such as security risks, inability to examine products physically, and delays in receiving goods.
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E-commerce project in brief pdf
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E-commerce can be divided into 7 subsections:/
History of E-Commerce / SWOT Analysis of the E-commerce Industry / Growth in sale of the E-commerce Industry / Future Growth Prospects of Indian E-commerce Sector / Reasons for Growth of E-commerce Sector in India: / Financial Analysis of E-Commerce Industry / TOOLS OF E-COMMERCE / RESEARCH METHODOLOGY of E-commerce / a Descriptive study about E-Commerce Industry.
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Electronic commerce, commonly known as e-commerce or e-Commerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks
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Electronic commerce has expanded rapidly over the past five years and is predicted to continue at this rate, or even accelerate.
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The internet is being developed rapidly since last two decades, and with relevant digital economy that is driven by information technology also being developed worldwide. After a long term development of internet, which rapidly increased web users and highly speed internet connection, and some new technology also have been developed and used for web developing, those lead to firms can promote and enhance images of product and services through web site. Therefore, detailed product information and improved service attracts more and more people changed their consumer behaviour from the traditional mode to more rely on the internet shopping. On the other hand, more companies have realized that the consumer behaviour transformation is unavoidable trend, and thus change their marketing strategy. As the recent researches have indicated that, the internet shopping particularly in business to consumer (B2C) has risen and online shopping become more popular to many people. According to the report, The Emerging Digital Economy II, published by the US Department of Commerce, in some companies, the weight of e-commerce in total sales is quite high. For instance, the Dell computer company have reached 18 million dollars sales through the internet during the first quarter of 1999. As a result, about 30% of its 5.5 billion dollars total sales were achieved through the internet (Moon, 2004). Therefore, to understand internet shopping and its impact on consumer behaviour could help companies making use of it as a form of doing e-business.
There are many reasons for such a rapid developing of internet shopping, which mainly due to the benefits that internet provides. First of all, the internet offers different kind of convenience to consumers. Obviously, consumers do not need go out looking for product information as the internet can help them to search from online sites, and it also helps evaluate between each sites to get the cheapest price for purchase. Furthermore, the internet can enhance consumer use product more efficiently and effectively than other channels to satisfy their needs. Through the different search engines, consumers save time to access to the consumption related information, and which information with mixture of images, sound, and very detailed text description to help consumer learning and choosing the most suitable product (Moon, 2004). However, internet shopping has potential risks for the customers, such as payment safety, and after service. Due to the internet technology developed, internet payment recently becomes prevalent way for purchasing goods from the internet. Internet payment increase consumptive efficiency, at the same time, as its virtual property reduced internet security. After service is another way to stop customer shopping online. It is not like traditional retail, customer has risk that some after service should face to face serve, and especially in some complicated goods.
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Ecommerce has changed the way of doing business but it has also brought with it certain merits and demerits which you must be aware of.
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The document discusses e-business and its importance. It defines e-business as using technology, particularly the internet, to facilitate buying, selling, and exchanging of products and services. It provides examples of e-business like online shopping on Amazon and travel bookings. The document outlines benefits of e-business such as lower costs, improved productivity and customer service, and extended reach. It concludes that e-business has become essential for businesses due to readily available internet solutions and its demonstrated benefits.
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Complete idp report on 'Consumer Behavior towards online shopping in Jamnagar...
This document provides an introduction to e-commerce and online shopping. It discusses how the growth of the internet and technology has enabled firms to promote products and services online. Online shopping has witnessed unprecedented growth in recent years in India due to innovations like cash on delivery that address issues like lack of credit card usage. Understanding consumer behavior towards online shopping can help companies leverage e-commerce effectively. The document presents an overview of how online shopping has risen and its impact on consumer purchasing habits.
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Impact of E-Commerce.pptx
E-commerce involves the buying and selling of products or services over the Internet. It allows transactions to occur without barriers of distance or time. There are several types of e-commerce including business-to-business, business-to-consumer, and customer-to-customer. E-commerce provides benefits like lower costs, improved sales, and easy business management, but also poses risks such as security issues and lack of human contact. The Indian e-commerce industry is growing rapidly due to increasing internet usage and government initiatives to promote digital transactions. E-commerce is expected to significantly contribute to India's GDP and overall economy in the coming years.
e commerce.pptx
E-commerce involves buying and selling of goods and services online. It uses computer networks and the internet to facilitate transactions between businesses and consumers. Some key advantages of e-commerce include low setup costs, no geographical boundaries, flexible business hours, and lower marketing costs compared to traditional brick-and-mortar stores. E-commerce is a growing sector in India that is expected to increase its contribution to GDP significantly by 2030.
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The internet is being developed rapidly since last two decades, and with relevant digital economy that is driven by information technology also being developed worldwide. After a long term development of internet, which rapidly increased web users and highly speed internet connection, and some new technology also have been developed and used for web developing, those lead to firms can promote and enhance images of product and services through web site. Therefore, detailed product information and improved service attracts more and more people changed their consumer behaviour from the traditional mode to more rely on the internet shopping. On the other hand, more companies have realized that the consumer behaviour transformation is unavoidable trend, and thus change their marketing strategy. As the recent researches have indicated that, the internet shopping particularly in business to consumer (B2C) has risen and online shopping become more popular to many people. According to the report, The Emerging Digital Economy II, published by the US Department of Commerce, in some companies, the weight of e-commerce in total sales is quite high. For instance, the Dell computer company have reached 18 million dollars sales through the internet during the first quarter of 1999. As a result, about 30% of its 5.5 billion dollars total sales were achieved through the internet (Moon, 2004). Therefore, to understand internet shopping and its impact on consumer behaviour could help companies making use of it as a form of doing e-business.
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This document discusses emerging modes of e-business. It defines various types of e-business including B2B (business to business), B2C (business to consumer), C2C (consumer to consumer), and intra-business commerce. B2B refers to businesses conducting business with other businesses. B2C involves businesses selling products or services to consumers. C2C has no middle businesses and allows consumers to become sellers. Intra-business commerce occurs within a single firm using an intranet. The document also outlines the benefits and limitations of e-business, such as increased accessibility but also security and technical challenges. It describes online transactions and payment options including cash-on-delivery, checks, credit/debit cards,
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This document provides an overview of e-commerce. It defines e-commerce as the process of buying and selling goods and services online. The main categories of e-commerce are business-to-business, business-to-consumer, consumer-to-consumer, government-to-business, and mobile commerce. A brief history of e-commerce is given starting from the 1970s. Advantages and disadvantages of e-commerce for both customers and businesses are outlined. The document concludes that e-commerce has led to more competition, marketplaces and transactions through use of the internet.
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E Commerce Presentation
The document discusses online commerce and e-commerce. It outlines pros and cons of online shopping for both consumers and businesses. Some benefits include lower prices, convenience, and increased market reach globally. However, consumers cannot physically examine products and have slower problem resolution. Businesses have increased costs from 24/7 operations and competition lowering prices. The document asks questions about why consumers are turning to online shopping and how customers determine where to purchase items online based on factors like price, security, and recommendations.
A project report on e business
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The document discusses the future of eCommerce in India. It notes how eCommerce in India has improved with technology and better integration but information still flows mainly one direction from retailers to consumers. It suggests crowdsourcing eCommerce functions like category management, content editing, and product design to community members. This will help build trust, transparency, and empower consumers. It outlines opportunities for assisted eCommerce using affiliate-based communities and human product filters. The new ecosystem would leverage social shopping sites, niche vertical sites, and affiliate marketing to connect consumers with multiple fulfillment vendors and content providers. Key considerations are ensuring minority views are represented and incentivizing community contributions.
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The document discusses e-business and its importance. It defines e-business as using technology, particularly the internet, to facilitate buying, selling, and exchanging of products and services. It provides examples of e-business like online shopping on Amazon and travel bookings. The document outlines benefits of e-business such as lower costs, improved productivity and customer service, and extended reach. It concludes that e-business has become essential for businesses due to readily available internet solutions and its demonstrated benefits.
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E-retailing refers to the process of selling products or services online to consumers. It allows customers to shop anytime from anywhere with just a click of a button. The document outlines the key benefits of e-retailing for both buyers and sellers. It provides convenience for customers while allowing sellers to reach a wider market and operate 24/7 with lower transaction costs. Some successful e-retailers mentioned include Amazon, Dell, and Boots.com. The document also discusses best practices for e-retailing such as making the shopping experience easy and enjoyable for customers.
Complete idp report on 'Consumer Behavior towards online shopping in Jamnagar...
This document provides an introduction to e-commerce and online shopping. It discusses how the growth of the internet and technology has enabled firms to promote products and services online. Online shopping has witnessed unprecedented growth in recent years in India due to innovations like cash on delivery that address issues like lack of credit card usage. Understanding consumer behavior towards online shopping can help companies leverage e-commerce effectively. The document presents an overview of how online shopping has risen and its impact on consumer purchasing habits.
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Impact of E-commerce on an Indian economy
- 1. A PRESENTATION ON THE IMPACT OF E- COMMERCE ON AN INDIAN ECONOMY. SUBJECT: ECONOMICS FOR MANAGERS.
- 2. WHAT IS E-COMMERCE? E - Commerce means Electronic Commerce. It Is the activity of buying and selling of products & services online or over the Internet. We can say, E-Commerce is somehow transmitting of funds or data over an electronic network , Internet. It allows people to do business with no barriers of distance and time.
- 3. EXAMPLES OF E-COMMERCE Various Ecommerce websites in India
- 4. FEATURES OF E-COMMERCE The key points are: 1. Non Cash Payments 2. 24x7 Service Availability 3. Advertising / Marketing 4. Improved Sales 5. Support 6. Inventory Management 7. Communication Improvement
- 5. TYPES OF E-COMMERCE 1. Business –to-Business(B2B) 2. Business-to-Customer(B2C) 3. Customer-to-Customer(C2C) 4. Customer-to-Business(C2B) 5. Business-to- Administration(B2A) 6. Customer-to- Administration(C2A)
- 6. PROS & CONS OF E-COMMERCE Pros: I. Faster Buying and Selling of Products. II. Low Operational costs and better quality of services. III. Does not require much physical space IV. A bigger range of Customer reach V. Easy to start an manage business VI. Advertising done well on the web can get even a small firm’s Cons: I. Lack of Human contact II. Security Issues III. No guarantee on product quality IV. Customer relation problems V. Designing and keeping website up-to-date may be very expensive for the firm VI. The company may have to pay returns for the goods when it is not as per the need of customer.
- 7. GROWTH OF E-COMMERCE IN INDIA E-Commerce in India is still nascent, but it is important for developing country like India. The opportunities of e-commerce players are many rapid urbanization and also a rapid growth in use of Internet by people over the India. E-Commerce is probably a great thing that has happened to the Indian middle class and emerging small businesses. factors contributing for the growth of Ecommerce are: 1.niche markets in online trading 2. Unmatched FDI 3. Uniform GST
- 9. Government Initiatives towards the growth of E- Commerce in India •The role of Government in increasing growth of e-commerce is very important plays a huge role in the growth of Indian Economy. •Since 2014, Government of India has announced various initiatives such as •Digital India •Make In India •Start up India •Skill India •Innovation Fund
- 10. IMPACT OF E-COMMERCE ON INDIAN ECONOMY E-COMMERCE – A HEAVEN for Indian Economy. E-Commerce industry in India is growing rapidly and is expected to contribute 1.61% of global GDP by 2018.
- 13. FUTURE OF E-COMMERCE IN INDIA
- 14. •According surveys & research, role of demonetization or cashless economy in India has increased significantly. •So, the role of Internet also likewise other such government policies have also had a major impact. •There is significant need of increasing the literacy rate and also spread awareness among rural people in India about cashless economy. CONCLUSION