How many retail outlets are connected to internet in india?
Answers
Answer:
According to a report by IMD and Cisco on how digital disruption is redefining industries, the retail sector figures in the top 3. In the past decade or so, it has already seen overwhelming change with the rising popularity of online shopping. It is set to experience an even bigger shift in the coming years as businesses compete among themselves to ensure superlative customer experiences to grow their top line and super-efficient back-end infrastructure to protect their margins.
While predictions about the size of the Indian ecommerce market in 2020 have varied between $33 billion and $38 billion, NASSCOM believes that online shopping, or e-tailing will dominate the segment, edging out travel. According to Bengaluru-based market research firm Redseer Consulting, online retail is set gain 19 million shoppers in 2018, mostly from Tier 2 and beyond (Tier 1 cities will account for just 4 million shoppers). With internet penetration on the rise, a Google-BCG report believes online spending will grow to $100 billion by 2020
Explanation:
Commerce and Online Shopping
E commerce is the easiest, most convenient way of conducting business over the internet for business professionals and individuals. Conducting business over the internet is simply visiting specific websites, also referred to as surfing the web, for online shopping or business related matters. E commerce is defined as any kind of transaction performed over the internet where there is an exchange of money for goods or services. A transaction like that is paid for through the use of a credit card. E commerce occurs when individuals use the internet by visiting websites for online shopping of goods or services. It also occurs when business professionals surf the web to conduct business with other business professionals.
There is a close analogy between a website that sells woman’s clothing and a store at the mall that also sells woman’s clothing, here referred to as an online store. One of the differences between a retail store and an online store is that while the store has limited hours of operation, an online store is open twenty four hours a day and seven days a week. One similarity between an online store and a retail store is that a shopper gets to puts his or her merchandise in a shopping bag before checking out or before paying for the merchandise. Finally, one other difference between a retail store and an online store is that a retail store offers a shopper more options of payment while an online store requires a payment by a credit card only.
Although there are several advantages to buying women’s clothing online, there are also a few drawbacks. For example, an online female shopper who is looking for fashionable female clothing is not able to try the clothing on. There is one particular website I am thinking of and this website’s address is net-a-porter.com. This is a website that features women’s jeans. This website displays different kinds of expensive jeans in various colors and styles. There is plenty to choose from for someone with a decent budget. Also, the pictures of these jeans are clear and distinct. However, one major disadvantage of this website is that it does not feature real time models. An online female shopper who is about to spend a pretty buck on these jeans would surely like to see how these jeans look on a female frame. In my opinion, this website could be improved if real time models were displayed modeling these jeans.
- A female shopper who has the kind of money to buy these expensive jeans would not want to throw her money away if upon receiving the jeans they would not fit properly.