Skip to content
Monday, June 16
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
The Prime Media

The Prime Media

Just another WordPress site

The Prime Media

The Prime Media

Just another WordPress site

  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
Trending Now
  • Rita Patel Shines: Gujarat-Born Athlete Named Player of the Year at Burnt Ash Hockey Club
  • Rita Patel Shines: Gujarat-Born Athlete Named Player of the Year at Burnt Ash Hockey Club
  • Sundeep Bhutoria Nominated to the Board of Victoria Memorial Hall by Ministry of Culture
  • ECE Industries Ltd (Birla Group) Honored for ’80 Years of Excellence’ by ETNow.in Realty Awards 2025
  • ECE Industries Ltd (Birla Group) Honored for ’80 Years of Excellence’ by ETNow.in Realty Awards 2025
  • Gujarat’s Daughter Rita Patel Makes History by Winning Player of the Year at UK’s Burnt Ash (Bexley) Hockey Club
Home>>Business>>India bets on e-commerce for growth in a post-pandemic era
Business

India bets on e-commerce for growth in a post-pandemic era

April 16, 2022

New Delhi (India), April 15: The E-commerce industry is changing the way business is done in India. It is growing at an exponential rate and is expected to grow to US$ 350 billion from US$ 46.2 billion in 2020. Moreover, the country allows a 100% FDI in B2B e-commerce which is fuelling the industry’s expansion plans.

This growth in the industry is often attributed to the increase in internet penetration in India. As smartphones and the internet became accessible to more and more people, the number of online shoppers increased. This led to the current state where the online shopper base in India is third only to US and China.

The industry held its own despite a global pandemic that affected almost every business out there. E-commerce players registered impressive sales growth, which fortified the industry’s growth capacity.

This rampant growth is fuelling direct and indirect jobs in the industry. E-commerce and direct selling are leading to an entrepreneurial mindset shift in the country. Direct selling has provided small business owners the option to sell their products and services directly to their consumers.

Connecting with the progressive vision of the industry, domain players like Soumo Rudra has been direct selling for eight years. He says around 15-20% of his global network of over 2000 distributors have quit their job to become full-timers. Rather than being job seekers, youngsters are now looking to become job creators.

The increase in entrepreneurs in a developing country like India is vital. As Nandan Nilekani says in his book ‘Imagining India’ about his vision for the country in 2050- ‘The country will need more entrepreneurs.’ For this, we need to encourage more and more young people to do something on their own.

People like Soumo Rudra are a key factor in this. After working for over a decade as a professional in the IT industry, he set on his entrepreneurial journey. He and his team are now sharing their experiences with budding entrepreneurs helping them achieve financial freedom and creating jobs for others in the process. Speaking from his experience, Soumo Rudra says, “The e-commerce industry has the potential to fulfill the aspirations of the new generation of entrepreneurs.”

Soumo and his team are now looking to expand their operations to several parts of the world, including the US, the UK, and Dubai. Their prime focus is to target the rural areas, for they believe this is where they can bring about real change. This kind of change would eventually lead to the country’s development and harbor the foundation for a better society.

The promising growth of the e-commerce industry can fuel the entrepreneurial aspirations of the youngsters in the country. It is high time we channelize this to generate employment and revenue.

Related tags : Business

Previous Post

Excep-tea-onally work of Mr. Satvir Singh and Mr. Nitin Tomar, founders of Chaiops- Opened 50+ Chaiops Outlets across India in a year

Next Post

Jammu Heritage Festival at Bhimgarh Fort, Reasi on 13.04.2022

Related Articles

Business

Karan Ingle Is Awarded Most Prominent Innovation And Design Leader Of The Year By Business Mint

Business

Durlax Top Surface planning to raise up to Rs. 40.80 crore from public issue; IPO opens June 19

Business

The Art of Transformation: First Foundation Pro’s Makeup Mastery

Business

Rohan Jardosh brings leading travel company Best Tours to Ahmedabad market

Business

A Grand Tribute to India’s Educators with Bollywood Star Ritu Shivpuri at AICPE Education Awards

Recent Posts

  • Rita Patel Shines: Gujarat-Born Athlete Named Player of the Year at Burnt Ash Hockey Club
  • Rita Patel Shines: Gujarat-Born Athlete Named Player of the Year at Burnt Ash Hockey Club
  • Sundeep Bhutoria Nominated to the Board of Victoria Memorial Hall by Ministry of Culture
  • ECE Industries Ltd (Birla Group) Honored for ’80 Years of Excellence’ by ETNow.in Realty Awards 2025
  • ECE Industries Ltd (Birla Group) Honored for ’80 Years of Excellence’ by ETNow.in Realty Awards 2025

Recent Comments

    © 2025 The Prime Media | WordPress Theme Ultra News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • Education
    • Sports
    • Press Release