Decade ago, India was nowhere as far as e-commerce sector is concerned but with the emergence of tech gadgets and the rise in internet usage has propelled Indias e-business dreams. Now India has become the fastest growing e-tailing country in Asia and the scope for growth in this sector has already attracted a lot of interest from investors, who are looking at India as a potential destination for their business expansion. Companies like Flipkart, Snapdeal, Amazon, etc. has already dominated the consumer oriented markets whereas companies like Urjakart, Bestomart, Industrybuying etc. are focused on industrial oriented products and B2B consumers.
According to a report by Forrester Research, Indian online retail share in total organised retail has been forecasted to grow from 0.1% now to 5.3% by 2021.
With these statistical data, one can interpret that e-commerce has a brilliant future in India which will change the conventional shopping style of Indians. It’s definitely going to be an incredible journey and everyone included in this e-business, right from manufacturers to e-tailers and customers are bound to experience attractive results.
