Accelerating growth of e-commerce in India - evolving strategies and affective factors
Jossy P. George, Mullapudi Hari Prasad, Shynu Philip
Abstract
Jossy P. George, Mullapudi Hari Prasad, Shynu Philip
Abstract
The current trends in the market is the clear success of e-commerce giants in India like Paytm, Amazon, Snap deal, free charge and so on. The scope to expand business completely rely upon how the current customers of e-commerce companies respond to its innovative changes and also how companies manage to acquire new set of potential customers by offering something a notch higher than what its rivals intend to offer. It is noted that the level of e-business has a wide scope of improvement and it must be taken into consideration. E-commerce is supposed to be quite a sensation now and in near future as well. As the e-commerce industry has more or less faded the international boundaries, there is a plethora of opportunities for the growth and extension of the e-commerce market in India. The e-commerce companies have variety of services to offer with a scope of innovative experiments and immense target customers. The e-commerce companies are expected to set an appropriate blueprint of its entire stages of operations so that they get maximum out of the current trends prevailing in the market. Eventually, it will result in the growth of the -commerce industry thus, contributing to the nation's economy. In this paper, we try to evaluate and analyze the accelerating Growth of E-Commerce in India based on the evolving strategies and its affective factors.
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The current trends in the market is the clear success of e-commerce giants in India like Paytm, Amazon, Snap deal, free charge and so on. The scope to expand business completely rely upon how the current customers of e-commerce companies respond to its innovative changes and also how companies manage to acquire new set of potential customers by offering something a notch higher than what its rivals intend to offer. It is noted that the level of e-business has a wide scope of improvement and it must be taken into consideration. E-commerce is supposed to be quite a sensation now and in near future as well. As the e-commerce industry has more or less faded the international boundaries, there is a plethora of opportunities for the growth and extension of the e-commerce market in India. The e-commerce companies have variety of services to offer with a scope of innovative experiments and immense target customers. The e-commerce companies are expected to set an appropriate blueprint of its entire stages of operations so that they get maximum out of the current trends prevailing in the market. Eventually, it will result in the growth of the -commerce industry thus, contributing to the nation's economy. In this paper, we try to evaluate and analyze the accelerating Growth of E-Commerce in India based on the evolving strategies and its affective factors.
Key concepts: Scope (computer science), Blueprint, Business, E-commerce, Marketing, Variety (cybernetics), Commerce, Industrial organization