In its simplest form, electronic commerce means that business transactions are being handled electronically. In fact major growth in electronic commerce is and will be in business to business electronic process. There are many E-commerce sites which are the medium of communication to perform the business Fabm art, Amualinda.
A Study on Indian E-Commerce Industry 32 This industry analysis, also known as the macro environmental analysis is basically done to determine the conditions in which the industry is operating in. The analysis of these factors becomes very important for a company operating in that particular industry for the growth and sustenance.
E-commerce has introduced many changes in the Indian consumers and customers.
However, e-commerce in India has also given rise to many disputes by the consumers purchasing the products from e-commerce websites. In fact, many e-commerce websites are not following Indian laws at all and they are also not very fair while dealing with their consumers.
Allegations of predatory pricing, tax avoidance, anti competitive practices, etc have been levelled against big e-commerce players of India. As a result, disputes are common in India that is not satisfactorily redressed. This reduces the confidence in the e-commerce segment and the unsatisfied consumers have little choice against the big e-commerce players.
At a time when we are moving towards global norms for e-commerce business activities, the present e-commerce environment of India needs fine tuning and regulatory scrutiny. It is obvious that e-commerce related issues are not easy to manage. E-commerce disputes resolution is even more difficult and challenging especially when Indian Courts are already overburdened with court cases.
Of course, establishment of e-courts Essays ecommerce India and use of online dispute resolution ODR in India are very viable and convincing options before the Indian Government.
Many Indian stakeholders have raised objections about the way e-commerce websites are operating in India. These websites are providing deep discounts that have been labeled as predatory by offline traders and businesses. Further, Myntra, Flipkart, Amazon, Uber, etc have already been questioned by the regulatory authorities of India for violating Indian laws.
Laws regulating ecommerce in India are still evolving and lack clarity. Favorable regulatory environment would be key towards unleashing the potential of ecommerce and help in efficiency in operations, creation of jobs, growth of the industry, and investments in back-end infrastructure.
Furthermore, the interpretation of intricate tax norms and complex inter-state taxation rules make ecommerce operations difficult to manage and to stay compliant to the laws. With the wide variety of audience the ecommerce companies cater to, compliance becomes a serious concern.
Companies will need to have strong anti-corruption programs for sourcing and vendor management, as well as robust compliance frameworks. It is important for the E-Commerce companies to keep a check at every stage and adhere to the relevant laws, so as to avoid fines.
Myntra, Flipkart and many more e-commerce websites are under regulatory scanner of Enforcement Directorate ED of India for violating Indian laws and policies.
There are no taxation laws for these websites so the products are being sold at huge discounts in these sites. Some of the major causes not keeping taxation laws over ecommerce are that the government is not having proper knowledge about the structure of industry and the limitations that has to be given to the e commerce industry and what are the rights that should be given to them for selling the product Security of the information provided during the online transaction is a major concern.
Mass usage of internet: Current India internet users are millions. The total no of users are expected to be millions in just 3 years. The internet usage in cities has been increased rapidly.
Increased aspiration levels and availability The aspiration of the Indian youth and middle class while the coming year will be even more promising both for the consumer as also the entrepreneurs, with average annual spending on online purchases projected to increase by 67 per cent to Rs 10, from Rs 6, per person.
Inabout 40 million consumers purchased something online and number is expected to grow to 65 million by with better infrastructure in terms of logistics, broadband and Internet ready devices will be fuelling the demand in ecommerce.
The industry has been hoping that the government would at least review a partial opening of the sector to FDI. So there is a positive response from the international e commerce industry that is trying to enter into India.
But on the other side the small e commerce companies are finding it difficult because may face difficulty in the future when the MNC e commerce companies enter India.
Supply chain and the productivity growth The most important impact of ecommerce is maintained supply chain and the productivity of the products. Simply put, e-commerce has altered the practice, timing, and technology of business-to-business and business-toconsumer commerce.
It has affected pricing, product availability, transportation patterns, and consumer behavior in developed economy in India. Business-to-business electronic commerce accounts for the vast majority of total e-commerce sales and plays a leading role in supply chain network.
Inapproximately 21 percent of manufacturing sales and Full form of E-commerce is electronic commerce.
In its simplest form, electronic commerce means that business transactions are being handled electronically. In a more elaborate definition of concept there is a game of one upmanship to see who can crate the quickest, highest quality and the most.
Essay on E-Commerce E - Commerce Electronic commerce, commonly known as e - commerce or ecommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks.
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Promotion of E-Commerce is one of the major tasks/5(8).
Electronic commerce, commonly known as e-commerce or ecommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks.
Indirectly, one would think that Ecommerce and Ebusiness are similar in definition. (Internet, kaja-net.com) Basically put, eCommerce is the online selling component of a web site/5(8).