India bets on e-commerce for growth in a post-pandemic era

New Delhi (India), April 15: The E-commerce industry is changing the way business is done in India. It is growing at an exponential rate and is expected to grow to US$ 350 billion from US$ 46.2 billion in 2020. Moreover, the country allows a 100% FDI in B2B e-commerce which is fuelling the industry’s expansion plans.

This growth in the industry is often attributed to the increase in internet penetration in India. As smartphones and the internet became accessible to more and more people, the number of online shoppers increased. This led to the current state where the online shopper base in India is third only to US and China.

The industry held its own despite a global pandemic that affected almost every business out there. E-commerce players registered impressive sales growth, which fortified the industry’s growth capacity.

This rampant growth is fuelling direct and indirect jobs in the industry. E-commerce and direct selling are leading to an entrepreneurial mindset shift in the country. Direct selling has provided small business owners the option to sell their products and services directly to their consumers.

Connecting with the progressive vision of the industry, domain players like Soumo Rudra has been direct selling for eight years. He says around 15-20% of his global network of over 2000 distributors have quit their job to become full-timers. Rather than being job seekers, youngsters are now looking to become job creators.

The increase in entrepreneurs in a developing country like India is vital. As Nandan Nilekani says in his book ‘Imagining India’ about his vision for the country in 2050- ‘The country will need more entrepreneurs.’ For this, we need to encourage more and more young people to do something on their own.

People like Soumo Rudra are a key factor in this. After working for over a decade as a professional in the IT industry, he set on his entrepreneurial journey. He and his team are now sharing their experiences with budding entrepreneurs helping them achieve financial freedom and creating jobs for others in the process. Speaking from his experience, Soumo Rudra says, “The e-commerce industry has the potential to fulfill the aspirations of the new generation of entrepreneurs.”

Soumo and his team are now looking to expand their operations to several parts of the world, including the US, the UK, and Dubai. Their prime focus is to target the rural areas, for they believe this is where they can bring about real change. This kind of change would eventually lead to the country’s development and harbor the foundation for a better society.

The promising growth of the e-commerce industry can fuel the entrepreneurial aspirations of the youngsters in the country. It is high time we channelize this to generate employment and revenue.

123 Replies to “India bets on e-commerce for growth in a post-pandemic era

  1. Thank you for every other magnificent article. The place else may just anybody get that type of info in such an ideal way of writing? I’ve a presentation subsequent week, and I’m at the look for such information.

  2. Thanks a bunch for sharing this with all people you actually understand what you’re speaking approximately! Bookmarked. Kindly additionally consult with my site =). We may have a link exchange agreement between us!

  3. hi!,I really like your writing very much! percentage we be in contact extra approximately your post on AOL? I require a specialist in this space to unravel my problem. May be that is you! Taking a look ahead to see you.

  4. F*ckin’ amazing things here. I am very glad to see your article. Thank you a lot and i’m looking forward to contact you. Will you kindly drop me a mail?

  5. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  6. Thank you for the sensible critique. Me and my neighbor were just preparing to do some research on this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such excellent info being shared freely out there.

  7. Its such as you read my mind! You seem to know so much about this, like you wrote the guide in it or something. I believe that you just could do with a few p.c. to power the message house a little bit, but other than that, that is wonderful blog. An excellent read. I will certainly be back.

  8. It?¦s actually a great and useful piece of information. I?¦m satisfied that you shared this helpful info with us. Please keep us informed like this. Thank you for sharing.

  9. I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!

  10. Hey there! This is kind of off topic but I need some advice from an established blog. Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about making my own but I’m not sure where to start. Do you have any points or suggestions? With thanks

  11. A formidable share, I just given this onto a colleague who was doing a bit evaluation on this. And he the truth is purchased me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the deal with! But yeah Thnkx for spending the time to discuss this, I really feel strongly about it and love reading more on this topic. If potential, as you turn into experience, would you thoughts updating your weblog with more details? It is highly useful for me. Massive thumb up for this blog submit!

  12. Read information now. Comprehensive side effect and adverse reaction information.
    Drugs information sheet. Generic Name.

  13. Generic Name. Get warning information here.
    zestril online
    Everything what you want to know about pills. drug information and news for professionals and consumers.

  14. Long-Term Effects. Some are medicines that help people when doctors prescribe. where to buy generic clomid without dr prescription
    Comprehensive side effect and adverse reaction information. Generic Name.

  15. Definitive journal of drugs and therapeutics. Get here.
    [url=]canadian online pharmacy[/url]
    Commonly Used Drugs Charts. Everything about medicine.

  16. Learn about the side effects, dosages, and interactions. Everything what you want to know about pills. cialis 20mg online
    Everything what you want to know about pills. Actual trends of drug.

  17. Best and news about drug. Get information now.

    where to get zithromax over the counter

    [url=]cost of clomid no prescription[/url]

    [url=]prednisone 5 mg tablet[/url]
    drug information and news for professionals and consumers. Get here.

Leave a Reply

Your email address will not be published.