Impact of E-commerce and Digitalization in Growth of Indian Economy
Abstract
In the modern world, digitization is a major economic force, so it is crucial to integrate the economy by developing digital markets. Recent studies reveal that emerging economies are more likely than developed economies to benefit from e-commerce. There are opportunities to boost manufacturing in emerging economies. The nation's digitalization is the focus of the government. The 2015-launched "Digital India" project provided a solid foundation to expand digital operations across numerous industries. Rural residents are now much more aware of advances in numerous sectors thanks to internet connectivity, which has also opened the door for rural residents to participate in mainstream growth. India's sizable young population is one reason why e-commerce is growing in popularity. India is one of the nations with the quickest growth. The paper discusses the impact of digitalization process on e-commerce in India. It also emphasizes the expansion of e-commerce in the nation and the contribution of digitization to the improvement of the economy.
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