View of CONCEPTUAL RESEARCH ON FUTURE OF E-COMMERCE: CHALLENGES

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ACCENT JOURNAL OF ECONOMICS ECOLOGY & ENGINEERING

Peer Reviewed and Refereed Journal ISSN No. 2456-1037 IMPACT FACTOR: 7.98 (INTERNATIONAL JOURNAL) Vol. 04, Issue 07,July 2019 Available Online: www.ajeee.co.in/index.php/AJEEE

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CONCEPTUAL RESEARCH ON FUTURE OF E-COMMERCE: CHALLENGES DR. K. DEVI,

FACULTY OF COMMERCE, V. DEV AUTONOMOUS COLLEGE, JEYPORE, ODISHA Abstract:- E-commerce is certainly one in all the business choices that one can need to explore within the future. Ecommerce is said to bring forth paradigm shift within the world for commercialism. Prediction e-commerce is showing tremendous business growth in India. Backed by redoubled on-line user base and mobile phone presentation, Indian e- commerce has seen spectacular growth within the previous couple of years. Considering India’s demographic dividend & rising net accessibility, the world is slated to scale larger heights. The present study has been undertaken to explain the current standing & future growth of e-commerce in India. Everybody in the world is getting mad for online shopping and online work. In the fast changing world the India is also now fast moving country as we start to discuss about development in the information communication technology era.

Today India is the main market for online trades or shopping. The Indian government is also now going for online selling and buying the products, cars etc. The education in India is changing to online educations. The seminars are changing to webinars. So it is necessary to make changes in you with the flow of the market. Thus, India is now become a biggest marketplace for many big countries and big products. The paper is showing how will be the future of Indian commerce and condition after the maximize use of E-Commerce.

Keywords:- E-Commerce, Population, Finance, Impact, Economics, Electronic, Growth.

1. INTRODUCTION

E-commerce outlooks for electronic trade.

It suggests that dealing in merchandise &

services through the electronic media &

web. The zoom of e-commerce in Asian country is being manage by bigger client alternative & improved convenience with the assistance of web the seller or merchant World Health Organization sells merchandise or services on to the client from the portal employing a shopping basket system or digital cart & permits payment trough charge account credit, MasterCard or electronic fund transfer payments. Within the gift situation e- commerce market & its house is increasing in demand further as a formidable show or vary of a selected style of services.

E-commerce is already showing altogether areas of business, client services, new product development &

style. E-commerce business is growing in Asian country owing to wide range of product with minimum value {wide vary wide selection big selection} of suppliers &

customers web. In this modern era each business units wish to hitch on-line business as a result of increasing magnitude relation of internet users in Asian country. E-commerce in Asian country continues to be in growing stage however it offers wide opportunity. The leading edge for business nowadays is ecommerce. E-Commerce stances on electronic business.

It suggests that dealing in product and services through the digital media and net. On the web, it relates to an internet site of the seller, World Health Organization sells product or services on to the client from the portal employing a digital cart or digital basket system and permits payment through Master Card, positive identification or newt (Electronic fund transfer) payments. Additional merely place, E-Commerce is that the movement of business onto the globe Wide internet. E-Commerce has nearly long become the dominant on-line activity.

There's no single definition of E- Commerce, it suggests that solely Endeavour that is performed or joined to or supported by transmission. The consequences of e-commerce area unit already showing altogether areas of business, from client service to new product style. In currently days E- commerce uses the computer network a minimum of some purpose in group action lifecycle. It may also cut back prices in managing orders and interacting with a good vary of suppliers and commercialism partners, areas that usually add vital overheads to the worth of produce and the facilities. For emerging countries like our Asian republic, e- commerce proposes lengthy chance. In Asian country it's still in a burning stage,

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2 however even the most-pessimistic projections indicate a boom.

1.1 The Objectives of Current Study Are

1. To analyze this trends &

opportunities of e-commerce in Republic of India.

2. To examine the barriers of e- commerce in Republic of India.

3. To find out the expansion factors of e-commerce in Republic of India.

2. E-COMMERCE STATUS IN INDIA Today e-commerce could be a saying in Indian society associated it's become an integral a part of our standard of living.

The various websites are now provides and supplies any range of products as well as services. Then there square measure those, which give a selected product together with its allied services.

India has a web user base of concerning 354 million as of June 2015. In resistance of being third biggest user base in world, the penetration of e-commerce is minimum compared to other markets like the us or France however is growing much quicker, adding around half-dozen million new entrants each month.

The business agreement is that growth is at associate inflection purpose.

Cash on delivery is that the prioritiliest used payment method, signboard seventy fifth of the e-retail activities. Snapdeal, Flipkart, In Mobi, Quikr, Amazon Republic of India, Paytm and OlaCabs, are the largest industries to buy and sell where. E-commerce has return a protracted means since its origin and is only obtaining larger. As technology continues to grow fast, ecommerce retailers area unit adopting newer techniques to facilitate sellers and patrons to sell and purchase online additional efficiently, because of ever dropping rates of net water sport – both for net and mobile interfaces – that is complimenting to the soaring population of net users.

3. KEY DRIVES IN INDIAN ECOMMERCE ARE

1. Huge amount of populace signed to broadband Internet, burgeoning 3G web operators, and a recent outline of 4G across the country.

2. Augmented usage of on-line classified sites, with more consumers shopping for and

commerce secondhand

merchandise.

3. Evaluation for various start-ups businesses.

4. E-commerce has return a protracted method since its origination and is only obtaining larger.

5. As technology continues to grow rapidly, e-commerce retailers are adopting newer techniques to facilitate sellers and patrons to sell and get on-line a lot of efficiently, due to ever dropping rates of web water sport – both for net and mobile interfaces– that is complimenting to the soaring population of web users.

4. TECHNOLOGY TRENDS

1. Mobile- Brands have taken the mobile advertising route and square measure gradually reading.

On-line retailers have completed the potential increase of web shoppers through their mobile phones in future. And as customers grow more leisurely with exploitation mobile devices for browsing and searching, they are currently a lot of receptive obtaining messages from brands via their mobiles. Businesses square measure implementing ways for integrating mobile into their promoting campaigns and before they do that, they'll got to create efforts to optimize legacy websites for mobile so as to boost client experience. This can be wherever responsive style can get play. Fixing the mobile clicks is imperative as associate unresponsive style could cause the client abandoning the site in a very few seconds inflicting a coffee conversion rate and poor come back on investments.

2. Social- Another vital thought is that the social side and marketers have complete its importance okay. Product and service feedback via online media channels have associate impressionable impact on the minds of the larger client base.

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3 4.1 Advantages of e-commerce

To customers the distinct benefits e- commerce can give to the consumers embody however don't seem to be confined to the subsequent only: -

1. Customers have a far wider selection out there on the cyber market.

2. They bear lower prices for merchandise because of exaggerated on-line competition among sellers.

3. Growing to wide-scale info dissemination, consumers will compare merchandise, features, prices and even research reviews before they choose what they need.

4. They fancy wider access to help and to recommendation from consultants and peers.

5. They fancy saving in looking time and cash.

6. Customers additionally avail of quick services and delivery of services and products.

7. They even have the convenience of getting their orders delivered right to the door to door step.

8. Finally, customers area unit driven to e-shopping in hordes as even branded merchandise price less on information superhighway.

5. CONCLUSION

E-commerce is dynamical the means of shopping for & commerce of product &

services in India. E-commerce is way forward for shopping. Because of E- commerce the gap has been reduced between manufacturer & client. In keeping with Indian population their large scope for e-commerce as a result of presently in India solely nineteen folks mistreatment net for commerce &

shopping for goods & services thus remaining share we are able to think of that we have a tendency to having scope in Indian Market. There’s weak Cyber security Law in India that's why Indian folks face challenges toward ecommerce.

The longer term of e-commerce in India would be bright within the future years if all essential factors would be enforced, by establishing cyber & have their advantages as per folks want. The role of state is to provide a legal structure for e-commerce in order that whereas domestic & international trade area unit allowed to expand their horizons, basic

right like privacy, material possession, prevention of fraud, client protection etc.

area unit all taken care of.

The growth of e-commerce has been developed in rural yet as geographic area in reign in a position value for consumption, due to that a lot of folks have gotten joined with e-commerce & the quantitative relation of that's obtaining increase day by day. Several vital phenomena area unit related to e- commerce. The role of geographic distances in forming business relationships is decrease. E-Commerce is that the way forward for searching within the next three to five years, Republic of India can have thirty to seventy million net users which is able to same, if not surpass, several of the developed countries.

REFERENCES

1. Abhijit Mitra 2013, “E-Commerce in India-a Review” International Journal of Marketing, Financial Services and Management Research Vol.2, No.2, Feb 2013

2. Biswas (2015) “Growth and Opportunities of E-Commerce in India” Journal of Science and Management, Vol. 1, Ranchi, January 2015, pp.95-100.

3. Dr. Anand Prakash, A STUDY ON IMPACT OF E-COMMERCE ON INDIA’s COMMERCE, IRJMST Vol 9 Issue 1, 2018 4. Dr. Sachin Gupta, 2014, “Benefits and

Drawbacks of M-Commerce in India: A review”, International Journal Research of Advanced Research in Computer and Communication Engineering Vol.3, Issue 4, April 2014

5. Rajendra Madhukar Sarode, “Future of E- Commerce in India Challenges &

Opportunities” International Journal of Applied Research 2015; 1(12): 646-650 6. Rhitabrata Kumar, Dr. Asha Nagendra, An

Analysis of the Rise of E-Commerce in India