Impact of E-Commerce to Transform India
Dr. J. Ratna Prabhakar
Associate Professor, Department of Commerce Tara Government College (A), Sangareddy, Telangana
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http://doi.org/10.37648/ijps.v21i03.033
Abstract
E-commerce is transforming India by driving massive economic growth, shifting consumer behaviour from physical to digital retail, and creating new opportunities in logistics, payments (like UPI), and direct-to-consumer brands. This transformation is being driven by the adoption of smartphones and initiatives taken by the government (the ONDC and Digital India). As a result, India is becoming a global hub for digital commerce, and its expansion into smaller cities is quickly occurring. The retail landscape is being reshaped towards a digital economy worth a trillion dollars as a result of this digital revolution, which improves convenience, broadens market access for businesses (especially small and medium-sized enterprises), stimulates innovation (rapid commerce, artificial intelligence), and raises employment. The objective of this research is to investigate the scope of the influence and expansion of e-commerce, as well as its impact on both the domestic and international market. Around the world, the growth of e-commerce is occurring at a breakneck speed. Its expansion and the benefits it provides are already obvious from the studies conducted in wealthy countries; nevertheless, it is also having a favourable impact on the growth of emerging countries. In the future, economies all over the world will experience improved growth in knowledge and information technology as a result of globalization and the easing of restrictions on imports and exports between foreign countries E-commerce is also playing a significant role in the generation of higher revenue, the improvement of client base, and the creation of a greater number of jobs in the information technology sector in a nation that is still in the process of developing.
Keywords:
E-Commerce; economic growth; ONDC
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