Ecommerce & Startups
India business forum expected need of 10,000 startup for 2016
The forum found respect to growth of Indian eCommerce industry the player or sites are very limited, even in current scenario most of the big players are not able to maintain the order delivery and customer support at slight increase in sales during weekends or festivals. The forum expects more than 400 new commerce site with the capacity of thousand order per Hr processing and about 10,000 new launch of small scale startups are required to handle the expected business growth by the end of 2016. By 2016, e-commerce transactions in India are projected to hit approximately 8.% percent of total retail business of India and by 2023, India’s e-commerce market is forecasted to be larger than those of the US, Britain, Japan, Germany, and France combined.