e-Commerce has unleashed yet another revolution, which is changing the way businesses buy and sell products and services. India is showing tremendous growth in the e-Commerce. The low cost of the PC and the growing use of the Internet, especially amongst the youth is one of reasons for that, with active internet users growing by 28 % from 100 million in 2010.
e-Marketer forecasts that online sales will more than double by reaching $168.7 billion in 2011.
Some of the benefits of e-Commerce to the existing businesses are:
• Easy reach to a fast growing online community
• Unlimited shelf place for products and services
• Fuse the global geographical and time zone boundaries
• Helps reach national and global markets at low
• Operating costs.
One of the market research firms claims 2011 to be an important milestone in terms of how the e-Commerce market fares in the future.
Added to this Retail industry in India stands at $390 Billion and online retail forms only 0.47%, thus leading to an assumption that there is a
phenomenal growth opportunity for e-Commerce in India.
ASSOCHAM sensing the opportunity believes that the growing internet penetration and brand consciousness could fuel the growth of the
second phase of e-Commerce in this country.
WHO SHOULD ATTEND ?Airlines