Impact of eCommerce Companies on Indian Economy

Abstract

The Indian economy's e-commerce sector is one of the most rapidly expanding in the world. It's a paradigm change that gives customers with a broad range of benefits, including cheaper prices, more options and time savings. The world of e-commerce is expanding at a tremendous pace. All aspects of online product development, marketing, sales, service delivery, and payment are included in e-commerce, not only the purchase and sale of goods and services via the internet. In addition to rich nations, E-development commerce's and advantages may be witnessed in underdeveloped countries. The expansion of India's economy to a global scale is made possible in large part by the growth of e-commerce. E-commerce is an excellent tool for studying and analysing India's economic and social development. Economies all over the world will benefit from increased access to knowledge and information thanks to globalisation, liberalisation, and a loosening of restrictions on imports and exports. E-commerce is playing an important role in the Indian economy by increasing revenue generation and creating more jobs in the IT sector.