E commerce business in India

For the ecommerce sector, India is the fastest growing market .E-commerce refers to the buying and selling of goods and services and the transmitting of funds or data, over an electronic network, which include business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. Business to business e-commerce is considered as vital to the global economy.

Today, The Indian e-commerce industry has been on an upward growth trajectory and is expected to grow at a Compound Annual Growth Rate. According to a recent estimate, India’s e-commerce business is set to grow from US$30 billion in 2016 to US$100 billion in 2020. Online spending, inclusive of domestic and cross border shopping, is expected to increase by 31 per cent year-on-year to Rs 8.76 trillion (US$ 135.8 billion) by 2018. The Indian consumer internet market is expected to grow by 44 per cent year-on-year to touch US$65 billion in 2017, up from US$45 billion in 2016. Online travel agents account for the largest market share (70 per cent) in the internet consumer market, while the remaining 30 per cent is occupied by horizontal e-tailing, fashion, furniture, grocery, hotel, food tech, cab aggregators, education technology, and alternative lending among others.

The Indian e-commerce industry has been on an upward growth trajectory and is expected to surpass the US to become the second largest e-commerce market in the world in recent years. The e-commerce market is expected to reach US$ 64 billion by 2020 by report and US$ 200 billion by 2026 from US$ 38.5 billion as of 2017. With growing internet penetration, internet users in India are expected to increase from 429.23 million as of September 2017 to 829 million by other reports Rising penetration of internet is expected to lead to growth in ecommerce. India’s internet economy is expected to double from US$125 billion as of April 2017 to US$ 250 billion by 2020, these all takes place in the field of e commerce. Here, 100 per cent FDI is permitted in B2B e-commerce. Also, Mobile e-commerce is complementing the online retail industry perfectly and India has become the second largest smartphone market after China. For more

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