E-commerce has become an important part of many multilateral negotiations such as Regional Comprehensive Economic Partnership (RCEP), WTO and BRICS etc. Ministry of Electronics & Information Technology is spearheading such negotiations on E-commerce from Indian side. It is a type of business model, or segment of a larger business model, that enables a firm or individual to conduct business over an electronic network, typically the internet. Electronic commerce operates in all four of the major market segments: business to business, business to consumer, consumer to consumer and consumer to business.
"India's E-commerce market is estimated to be USD 33 billion in the financial year 2017. NASSCOM shows that India’s online market share grew at the rate of 19 percent last year and will touch an estimated US$33 billion in 2017. By 2020, this number is expected to rise to over 175 million – owing to the technology transformation led by the rise in the use of smart phones and tablets, and improved access to the low-cost internet. India’s E-commerce market is estimated to reach US$200 billion in the next decade on the back of these factors. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
· 79Minutes E-Commerce Solutions Pvt. Ltd.
· Alcove E-Commerce Pvt. Ltd.
· Amazon Seller Services Pvt. Ltd.
· Bookmywish E-Commerce Pvt. Ltd.
· Clues Network Pvt. Ltd.
· Ebay India Pvt. Ltd.