Future and Scope of E-Commerce in India

This E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The term e-tail is also sometimes used in reference to transactional processes for online shopping. E-commerce is conducted using a variety of applications, such as email, online catalogs and shopping carts, EDI, File Transfer Protocol, and web services. The benefits of e-commerce include its around-the-clock availability, the speed of access, the wide availability of goods and services for the consumer, easy accessibility, and international reach. The presented paper is an outcome of a review of various research studies carried out on e-commerce. The paper examines various opportunities of e-commerce. It raises the key challenges that are being faced by consumers relating to ecommerce.