Theoretical Perspective: The Role of E-commerce in the Economic Development

Abstract

In modern world, e-commerce has become a very helpful option for many retailers and buyers. Most people like to buy goods from their homes, where they can buy a different types of goods online anytime they want and in a faster way and can exchange views and experiences on the services and products offered; on the other hand, e-commerce helps companies reduce costs and manufacture their products as desired by buyers; all this leads to the growth of e-commerce. The use of e-commerce by countries greatly affects economic variables and growth rates. E-commerce, the buying and selling of goods and services over the internet, has emerged as a game-changer in the global business landscape. In recent years, India has witnessed a significant growth in e-commerce, revolutionizing the way businesses operate and consumers shop. This article explores the multifaceted role of e-commerce in the development of India, shedding light on its economic, social, and technological impacts.