E-commerce Business in India Industry Overview Market Size Growth

1. E-commerce Business in India: Industry Overview, Market Size & Growth lordsweb316.medium.com/e-commerce-business-in-india-industry-overview-market-size-growth-c12784d0ebb7 eCommerce business Like they put it in crystal terms, e-commerce is not supposed to be the cherry on top of the cake. It is, in fact, the new game which is relished by the whole world. E-commerce is almost like a household term in these days. When you talk about e- commerce, you should understand that you are mulling over an intensified form of global resurgence. The wave is supposed to be a sturdy substitute for the brick and mortar based commercial systems. With the advent of the pandemic scenario, the importance of virtual business processes and an effective eCommerce development company would be felt more for better business prospects. With the advent of e-commerce portals buying habits are changing in general. Features such as discounts, offers and return policies are helping this trend to gain momentum. Let us dig up some more information on the industry overview, market size as well as growth factors. The overview 1/2

2. The veterans would be focused on commercial transactions. The figures are indeed optimistic. By the year 2026, e-commerce industry is deemed to accrue a huge benefit ratio which will be close to $200 Billion US Dollars. The emergence of the internet as well as smartphone penetration would be treated as two distinct factors working behind the growth of this industry. Satisfactory upward curve of the growth trajectory In India, the growth curve for e-commerce industry has been observed since 2017. The growth ratio has doubled in the year 2020. The growth ratio has been closely analyzed and veterans of the market have come to realize that it has been more than 51%. To give you the fact, such growth ratio is phenomenal and record-breaking. This 2020 growth saga of Indian e-commerce industry is still considered to be the greatest in the whole world. What is supposed to be the market size? Since 2018, e-commerce as an industry vertical is showing amazing growth. It was estimated to have a whopping market value of 22 billion dollars back in the year 2018. However, standing in the year 2021, you will be amazed to discover the market value. It is close to 84 billion US Dollars. The growth curve effectively shows the potential of this market. The market size of e-commerce industry in India happens to experience an upward bounce because people are generally waking up to the amazing features and facilities offered by this industry. Moreover, the income levels of average Indian shoppers are rising as well. So, the scenario is quite positive for a comparatively optimistic picture in the long run. The final word Keep yourself abreast of the latest updates on the e-commerce industry trends as well as practices through our regular blog posts. We presume that we will keep bringing in more value driven topics on ecommerce development Kolkatato enlighten you. If you need some consultation and proceed with an e-commerce development Kolkata project, you can feel free to talk to our professional team. Stay updated. Stay blessed and keep shining. Do not forget to share your comments and feedback. We value what you opine. 2/2