A STUDY ON ECOMMERCE GROWTH AND IMPACT OF INDIAN ECONOMIC DEVELOPMENT

Abstract

It underscores significance of ‘E-Business’ and its impact on the Indian economy. It also emphasizes the contribution of ‘E-Business’ to ‘Indian economic development’, along with the opportunities and challenges present in the country. ‘‘E-Business’ has revolutionized in the way in which it has facilitated individuals in minimizing physical labor and conserving time. Nowadays, ‘E-Business’’ has integrated into the daily lives of people. Currently, ‘‘E-Business’ merce serves as a substantial platform for both social and economic advancement within the ‘India economy’. ‘India is recognized as the economy with the fastest growth in the world’. the ‘E-Business’ market in India is projected to reach the US$ 112 billion by the year 2024, with expectations growing to US$ 189 billion by the year 2025, and the US$ 355 billion by the year 2030. This serves as an indication that India is the most rapidly changing market, exhibiting a yearly complex increment rate of 53%. It’s instigating a whole transformation in the conventional business practices. These notable shift in business models which is experiencing remarkable expansion globally, with India being no exception. ‘The extensive penetration of the online’ have contribute to the expansion of ‘E-Business’, particularly as start-ups increasingly adopt this model as a means of differentiation. Furthermore, ‘‘E-Business’ has considerable impacts on this environment. This type of Model is widely utilized for the current enterprise landscape; it has not been fully explored. The present research aims to outline the state of ‘E-Business’ and analyzes the trend. Additionally, the study researches the key factor essential for the accomplishment of ‘E- Business’’ business models.