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Statistics, news & updates: everything you need to know about the E-Commerce Industry in India
The E-commerce Industry in India has recently seen huge growth. This is major because of the increasing penetration of the internet and smartphones across the country. Other factors are rise in the number of urban households combined with the convenience of purchasing online. In fact, it is estimated that 330 billion people will buy goods and services online in India in 2020. India emerges as a preferred online retail destination. Because many domestic companies and major global players have established businesses in India. Besides, the Government’s initiatives are also contributing to the growth of the e-commerce industry. These include Digital India, Skill India, Start-up India and Make in India.
The spread of the COVID pandemic has changed how Indians buy goods and services, as well as how they view e-commerce. The standardized lockdown rules in India, as well as consumers’ growing reluctance to go outside and shop for essential goods, have pushed the country toward e-commerce. The Indian eCommerce industry has seen a significant increase as a result of COVID-19, and there is significant room for future growth. India’s e-commerce industry will grow 84% to $111 billion by 2024 as a result of the coronavirus pandemic’s impact.
The statistics below are taken from Industry data available pre-Corona virus impact.
Key Players in India
Strong support in recruitment
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With the incubation solution from Maier + Vidorno , we successfully placed our products in the Indian market and established valuable product market presence, which we can now build on further with our subsidiary
BIS registration project
The BIS registration project went smooth and efficient. We are very satisfied with the way the documentation, communication and inspection on-site was handled from the Maier+ Vidorno Team. We are happy to recommend working with M+V in India - with the expert's advice you will need.
India has great investment potential for foreign companies if you manage the highly complex business environment professionally. Our experience shows - Maier+Vidorno is a competent partner to efficiently set up and run business.
Market Presence and Profitability
The cooperation of JUMO and Maier+Vidorno is a success story in India since 2008. Our sales, market presence and profitability in India shows constant growth. M+V knows about the challenges foreign companies face while doing business in India - and provides hands-on solutions.
Business Diagnostic and Implement Improvement
Maier+Vidorno understands business challenges in the Indian business environment and provides solutions with the help of its experts. M+V has experience in running business diagnostics and implement improvement and expansion strategies in various industries in India.