Emerging Trends in E Commerce and Its Socio Economic Impact in India

Abstract

newline Wealth is the prime factor for economic growth of a country. Economists regard that newlinewealth comprise of many components. The most essential of them are money and time. newlineE-commerce saves both and thereby generating wealth tremendous. Thus, there is two pillars newlinetime and money, on which the whole framework of E-Commerce is erected. E-commerce is newlineanything that involves an online transaction. E-commerce provides multiple benefits to the newlineconsumers in the form of availability of goods at lower cost, wider choice and saves time. This newlinecan range from ordering online, through online delivery of paid content, to financial dealings newlinesuch as movement of money between bank accounts.