1Former Head, Department of Economics, Vasantrao Naik College of Arts and Science, Shahada, Dist Nandubar, (MH), india
2Ph. D. Research Scholar, North Maharashtra University, Jalgaon, (MH), india
The paper discussed about impact of ecommerce industry on economics of India. Indian ecommerce market is fastest growing market in the world and expected to reach $64 billion by 2021 growing at five year CAGR of 31.2 percent. Deep penetration of mobile internet service is becoming the backbone of ecommerce industry. The ecommerce market will account for 2.5 percent of GDP by 2030. Industries such as grocery store, consumer electronics, apparels, beauty & cosmetics are using ecommerce platform for market expansion and market capitalization. Ecommerce provides an unbiased platform for all SME's to reach large number of customer from rural to urban. With effective implementation of technologies such as block chain, IoT, artificial intelligence ecommerce industry will going to become strong contributor in development of Indian economy.
Ecommerce, economics, market capitalization, market expansion, technologies
