Introduction While Indian online market future is going to be boom the retailers are also moving towards online stores. It is a peak time; to cut-off the competition some retailers have already made their e-commerce website along with mobile apps. Soon the retailing market will totally be over-shadowed by online retailing. So its an indication for those who are still stuck over the thought of going for online business.
The e-commerce evolution 1946 : First Computer ENIAN, constructed at University of Pennsylvania 1970 : First applications of electronic data interchange(EDI) surface 1989 : Internet users exceed 100,000 2000 : Internet users exceed 360 million, dot-com bust occurs 2015 : The number of internet users worldwide will surpass 3 billion in 2015.
Growth of e-commerce in India Source: Technopak
Sectors Today, in India, several goods and services are bought online. The e-commerce landscape includes companies that provide a single product or service as well as multi-service firms. Travel Automobiles Financial services Gifts Matrimony Stock Trading Real Estate Job Search Online Retailing Online Ads5
Future of E-Commerce India’s first E-Commerce site was made by Indian railways for the purpose of selling online railway train reservation tickets. After that there has been no looking back and various other businesses have gone online including both the private and public sector. With these advancement almost all companies have seen a major boom in their sale as compared to retail sales. There lies a great future ahead for all those who are still stuck with their retail market.