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The ecommerce industry was reported at $24 billion in 2017 and was recognised as the fastest growing industry in India. [16] The ecommerce market grew to $38.5 billion in 2018. [17] It is estimated that one in every three Indian shops via smartphone and online retailers deliver to 20,000 pin-codes out of the 100,000 pin-codes in India. [18]
At that time, India had only 15,000 internet users. [7] Due to Indian rupee's appreciation between 2005 and 2007 and the impact of the 2008–09 US recession, the company decided to pivot the focus from export-oriented business to India-focused B2B market and raised funding from The Times Group and Intel Capital. [8] [9] [10]
According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 61.67% of total trade by India in the financial year 2022–23. [1] These figures include trade in goods and commodities, but do not include services or foreign direct investment.
Indian Machine Tool Manufacturers' Association (IMTMA) is the apex industry body for the machine tool sector in India.Comprising large-, medium- and small-scale units, the membership of IMTMA includes manufacturers in the entire range of metal working machine tools, accessories and other ancillary equipment for machine tools, cutting tools and tooling systems along with trading companies.
B2B e-commerce, short for business-to-business electronic commerce, is the sale of goods or services between businesses via an online sales portal. In general, it is used to improve the efficiency and effectiveness of a company's sales efforts.
There are many types of e-commerce models, based on market segmentation, that can be used to conducted business online.The 6 types of business models that can be used in e-commerce include: [1] Business-to-Consumer (B2C), Consumer-to-Business (C2B), Business-to-Business (B2B), Consumer-to-Consumer (C2C), Business-to-Administration (B2A), and Consumer-to-Administration
Image source: The Motley Fool. Visa (NYSE: V) Q1 2025 Earnings Call Jan 30, 2025, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants ...
India's wedding industry has a size of $75 billion, second largest after China. It is the fourth largest industry in India. [330] The wedding industry saw significant growth in 2023 as weddings became larger and more extravagant post the pandemic blues. Average guest size grew by nearly 15%, from 270 guests in 2022 to 310 in 2023.