E-commerce as a new trend in Indian economy (the need of the modern era)

Abstract

E-commerce has created a new environment in business transactions using Internet. Electronic commerce generally refers to all forms of transactions relating to commercial activities, involving both organizations and individuals that are based upon the processing and transmission of digitized data, text sound and visual images. Electronic commerce can be seen as the engine of the new economy without e-commerce the necessary technology and culture would not exist to fuel it. E-commerce has attracted many businesses because of its ability to make them more efficient. It eliminates the hassle of manually monitoring the request and orders of customers over the telephone, thereby freeing employees to engage in other tasks.