strong political conditions and a steady economy India is the fastest growing eCommerce market in the Asia-Pacific region and one of the most sought after investment options.
Understanding the Indian E-Commerce Scenario
What is E-commerce? It is the buying and selling of goods Mike Evans Jersey , services, transferring funds or data, or any other kind of transaction executed through an electronic network -primarily the Internet. This has also effected a significant change to the concept of time. Now every kind of information is available at a press or click saving a lot of time for businesses or consumers. E-Commerce has become an important tool for consumers, small and large businesses alike around the world. Government services like e seva (for paying bills and taxes), passport application, birth and death certificates Jameis Winston Jersey , college applications and examinations and many more services can be accessed on line. Web commerce is also a form of e commerce which is conducted primarily through the World Wide Web ( and also through email and other aspects of the Internet.
The Scale of E-Commerce
Electronic commerce adapts itself to new technologies such as mobile commerce where you can pay utility bills through mobile apps, electronic funds transfer, supply chain management, logistics, Internet marketing, online transaction processing Mike Alstott Jersey , electronic data interchange(EDI), inventory management systems and automated data collection system. The list is exhaustive. These transactions are either business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C) or consumer-to-business (C2B).
The Current Scenario of E-Commerce
E-commerce is available in most fields of business like online goods and services, retail services, eBooks Cheap Buccaneers Hats , software, streaming media, Banking, home
delivery, distribution services and logistics. According to IAMAI (Internet and Mobile Association of India) Indian digital commerce is at Rs. 1,25 Cheap Buccaneers T-Shirts ,732 crore and has a CAGR growth rate of about 30% from December 2011 to December 2015. In 2016, it is expected to reach Rs. 2,11,005 crore.