A Review on Prospect & Problem of Electronic Commerce’s Service in India

Abstract

As part of data technologies & revolutions, electronic  commerce has been extensively utilized in global trade  general & Indian economy in particular. Changes in business  transactions technique have been occurred as result of technological advance. India, as quick learner, is keeping up  with present state of an electronic data exchange & has been embraced e-commerce. E-commerce stands for electronic  commerce & refer to exchanging of products & services via internet. In field of ecommerce, India is exploding. One of reasons for this is cheap cost of PC & the increasing usage of Internet. In India, business community is becoming more  conscious of possibilities provided by e-commerce. Textile  sector is country's second biggest industry, accounting for  14% of GDP. India has seen significant development because  to e-commerce & technological automation applications. E commerce is linking rural India for commercial purposes,  resulting in development of village economies. In India,  ecommerce seems to have bright future. E-commerce not only  expands commercial possibilities, but it also expands  educational & intellectual opportunities. It addresses  important consumer concerns about e-commerce, such as  ethical problems, risk perceptions in e-service interactions, & difficulties for e-business education & the legal system. Backbone of industry development is new innovative  technologies in electronic & IT applications. This can only  happen if E-commerce supports& complements engineering  industries growth & very large scale qualities manufacturing  in India. To grow rural India, India has to encourage E commerce Company by creating better communication to map value of products created & make goods & services accessible  to customers at cheap cost. textile garment industry has  benefited greatly from E-commerce through online web  portals, but consumers in rural India must be given trust via  educational programs.