e-Commerce A Business Review and Future Prospects in Indian Business

E-commerce is abbreviated to Electronic Commerce. It is improving standard among Business community in world, about the opportunities offered by E-commerce. E-Commerce has unleashed yet another revolution, which is changing the way businesses buy and sell products and services. And it is trading in goods and services through the electronic medium. India is showing tremendous growth in the Ecommerce so now a days, low cost of the PC and the growing use of the Internet is one of reasons for the same. Now the country is growing awareness among the business community in India about the opportunities offered by E commerce. Future of e commerce is very innovative in India with even the stock exchanges Coming online providing a online stock portfolio and status with a fifteen minute delay in prices.

INTRODUCTION: As a result of globalization and revolutionized technology and in many ways its feature, the term e-commerce represents the edge of success in this modern age computers and technology. E-commerce stands for electronic commerce. It means dealing in goods and services through the electronic media and internet. On the Internet, it relates to a website of the vendor, who sell products or services directly to the customer from the portal using a digital shopping cart or digital shopping basket system and allows payment through credit card, debit card or EFT payments. E-commerce involves carrying on a business with the help of the internet and by using their formation technology like Electronic Data Interchange. In General words, Electronic commerce is the activity of buying and selling of the goods and services across the world through the World Wide Web. The customers having interest in the products and Services of particular website and vendor can get information about products and can purchase anything ranging from household product like sofa set to computer and so on, comfortably by sitting one's in Room and just by one click of the mouse.

Click Here to Read Full Article.