E-Commerce Industry

"E-commerce is a powerful means to connect the unconnected to global trade."  -Arancha Gonzalez

 What is E- commerce?

Ecommerce is a shortened version of the phrase “electronic commerce” which essentially describes any type of exchange of currency for goods or services online.

Ecommerce refers to commercial transactions conducted online. This means that whenever you buy and sell something using the Internet, you’re involved in ecommerce.

Fate of E-commerce in India

·         The e-commerce has transformed the way business is done in India. The Indian e-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion as of 2017. 

·         India’s E-commerce revenue is expected to jump from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51 per cent, the highest in the world.

 E-commerce Sector Composition

Currently there are 1 to 1.2 million transactions per day in eCommerce retailing.  Given below is the split of sectors according to popularity:

For futher details: https://www.ibef.org/download/Ecommerce-March-2018.pdf