Rising market of Electronic commerce in India

Electronic commerce (or e-commerce) covers all business conducted by means of computer networks. Progress in telecommunications and computer technologies in recent years have made computer networks a vital part of the economic infrastructure. More and more companies are aiding transactions over web. People can purchase goods with a click of mouse button without moving out of their house or office. Similarly online services such as banking, ticketing (including airlines, bus, railways), bill payments, hotel booking etc. have been of tremendous benefit for the customers. Most experts believe that overall e-commerce will increase exponentially in coming years. Business to business transactions will represent the largest revenue but online retailing will also enjoy a drastic growth. Online businesses like financial services, travel, entertainment, and groceries have grown in a positive speed over the years.
For developing countries like India, e-commerce offers considerable opportunity. E-commerce in India is still in budding stage, but even the most-pessimistic projection specifies a bang. Amongst the Asian nations, the growth of e-commerce in India between 1997 and 2003 was highest to make a successful e-commerce transaction both the payment and delivery services must be made efficient. There has been a rise in the number of companies' taking up e-commerce in the recent past. Major Indian portal sites have also shifted towards e-commerce instead of depending on advertising revenue. Many sites are now selling a diverse range of products and services from flowers, greeting cards, and movie tickets to groceries, electronic gadgets, shoes and computers etc. Delivery of goods to consumer by couriers and postal services is not very reliable in smaller cities, towns and rural areas. However, many Indian Banks have put the Internet banking facilities in place for the up coming e-commerce market. The speed post and courier system has also improved tremendously in recent years. Modern computer technology like secured socket layer (SSL) helps to protect against payment fraud, and to share information with suppliers and business partners. With further improvement in payment and delivery system it is expected that India will soon become a major player in the e-commerce market. Many companies also provides “cash on Delivery” service where people can access goods through e-commerce without owning a credit card.
In India, scores of organizations have ventured into e-commerce such as Bigshoebazaar.com which offers huge range of branded and non branded shoes under one site thus changing the way India shops. Now you can buy your favourite shoe with the click of the mouse. You can chose among over thousands of designs without sweating in the sun running from one shop to another. It also helps the compare the shoes so that you can end up purchasing the best one for you or your loved ones. What that means is that when a customer wants more variety that a physical store can hold, they will get access to an unlimited virtual variety. He/She will simply go to www.bigshoebazaar.com where a whole new world of footwear opens to him, giving him dozens of brands and thousands of shoes to choose from.

Bigshoebazaar brings together 60 brands and 10000 designs on one platform. Brands like Woodland, Adidas, Puma, Reebok, Nike, LeeCooper, Red Tape, iD, Adda, the list just goes on and on.

Other important companies in India are e-bay, indiatimes.com.homeshop18 etc who offers various merchandise ranging from computers to clothes etc.

So, Shop the way the whole world is shopping and get your favourite stuff with a click of a button of the mouse.

For more info contact:
Hype communication
Abhishek@9212700632