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E-Commerce Sales Boost ?

The e-commerce has transformed the way business is done. This new trend is being followed by every section either business or shopping.


Various factors have been driving this trend, such as:
Declining broadband subscription prices, launch of 3G services leading to an ever-increasing number of “netizens”, Urban India’s changing lifestyle, Convenience of online shopping, Changes in the supporting ecosystem.
India is at the cusp of a digital revolution. Internet has become an integral part of the growing urban Indian population.
Being driven by a young demographic profile to increasing internet penetration and relative better economic performance, India’s E-commerce revenue is expected to jump from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51 per cent, the highest in the world.
 
The recent rise in digital literacy has led to an influx of investment in E-commerce firms, levelling the market for new players to set up their base, while churn out innovative patterns to disrupt old functioning.

    • Online shoppers in India are expected to reach 220 million by 2025.
      India’s internet economy is expected to double from US$125 billion as of April 2017 to US$ 250 billion by 2020, majorly backed by Ecommerce.
      Digital transactions are expected to reach US$ 100 billion by 2020.
        India’s start-up ecosystem is growing supported by favourable FDI policies, Government initiatives like Start-up India and Digital India, as well as rising internet penetration driven by market players like Reliance Jio.Through its
    ‘Digital India’
      campaign the Government of India is aiming to create a US$ trillion-dollar online economy.

 What is Selvitate?

Selvitate is an end-to-end e-commerce solution that helps you start selling online.

NSRCEL, Indian Institute of Management

Bangalore - 560076

Email: info@selvitate.com

Phone: +91 9738132356

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