Project Report For E-commerce
Project report for E-commerce is as follow
In India, e-commerce has changed the way people conduct business. From US$ 38.5 billion in 2017, the Indian e-commerce industry is projected to expand to US$ 200 billion by 2026. An rise in internet and mobile usage has sparked most of the industry’s expansion. The ‘Digital India’ initiative is expected to raise the number of internet connectivity in India to 776.45 million by September 2020. 61 percent of the internet connections are made in urban areas, with 97 percent of those connections being wireless.
The Indian E-commerce industry is projected to rise to US$ 200 billion by 2026 from US$ 38.5 billion in 2017, owing to growing mobile usage the introduction of 4G networks, and rising customer income. Flipkart, Amazon India, and Paytm Mall are forecast to lead India’s online retail revenue with a 31 percent increase to US$ 32.70 billion in 2018.
Due to strong market demand after the lockdown, mobile shipments in India exceeded 150 million units in 2020, and 5G smartphone sales passed 4 million. The Indian e-commerce GMV in holiday season CY20 was US$ 8.3 billion, a substantial increase of 66 percent over the prior holiday period. Likewise, during the festive season of CY20, the Indian e-commerce industry saw a substantial increase of 87 percent over the previous holiday period, with 88 million users.
Market potential & Strategy
The Indian government has introduced a number of measures since 2014, including Digital India, Make in India, Start-up India, Skill India, and the Innovation Fund. E-commerce development in the nation will most likely be supported by the quick and successful introduction of such initiatives.
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