E-commerce: The Fastest Growing Platform for Business

Source: nationkart.com

The way Indian people shops and trade has changed drastically in the recent period of time. E-commerce has taken the prevalence over the retail sector in India. E-commerce, also known as electronic commerce is simply the buying and selling of various products and services over the electronic channels. The various forms of electronic commerce can be categorized as:

• B2C (Business to Consumer), includes online shopping

• B2B (Business to Business), includes transactions between companies

• C2C (Consumer to Consumer), includes transactions from consumer to consumer

The emergence of various e-commerce ventures in India has boosted the e-commerce transactions in the nation to a great extent. As per the reports of IMAI and IMRB international, the Indian e-commerce sector has gained a value of over INR 81500 crore in 2014 and it expected to grow on a faster pace in the years to come. Due to the constant developments in this sector, it has managed to make a place amongst the top 20 developing countries in the Global Retain Development Index (GRDI).

Interesting facts about Indian e-commerce sector

• Online travel accounts for almost 71% of e-commerce business in India

• Indian e-commerce sector is expected to cross $16 billion in 2015

• By 2016, it is expected that over 650 million people in the Asia Pacific region will buy goods and services online

• The number of digital buyers in India alone is expected to reach 41 million by 2016

• A large percentage of people in Asia Pacific are using mobile devices for online shopping

• According to the recent reports, over 45% of the online shoppers prefer cash on delivery mode, whereas 16% prefer paying with credit cards and 21% using debit cards.

• Due to the growing economic status of India, a large number of investors are preferring e-commerce companies in India to invest in

Top 10 e-commerce companies operating in India

• Flipkart

• Snapdeal

• Myntra

• Fashionandyou

• Dealsandyou

• HomeShop18

• Yebhi.com

• Caratlane

• ShopClues

• Tradus

Apart from the above mentioned companies, several new e-commerce companies are also growing on a fast pace in India. Some of these companies are Ola cabs, Portea, CureJoy, Paintcollar, Plabro Networksand Chai Point.

Types of e-commerce jobs

• Digital Marketers

• E-commerce merchandising specialist

• Interaction Designers

• UI/UI developers, etc.

Today, the e-commerce industry has become one of the fastest growing sectors in the country. It is also encouraging a large number of entrepreneurs in this sector to operate their business. Moreover, several ecommerce jobs are also coming up in the Indian job market for various job aspirants. Needless to say, there is a huge scope for this industry in India. Furthermore, it will continue to grow significantly in the coming years and ultimately boost the economy of India.

Source : articlesbase.com