E-Commerce in India is at a very blossoming stage compared to western world, but if you see from the past records it has grown tremendously and drastically.
Companies are these days very much inclined towards the e-Trading and e-Dealing because Companies can avoid costs in terms of manpower, time involved in a transaction and document preparation. This is the reason that India with deep penetration of internet is taking up on e-transactions. In near future, e-commerce is going to play a major role in multimedia, entertainment and fashion industry. Online travel retail is growing very much. Because of this, India is also leading to one of the major contributors to online travel retail business in Asia.
The next upcoming area or field that is promoting e-Commerce growth is e-Tailing or also known as web retailing. The size of e-Tailing Market for the year 2006-07 was computed to be Rs. 850 crores. e-Tailing contributes around 12% to the total E-Commerce Market size in the year 2006-07.
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