E-commerce is one of the main factors driving the market growth. Rapid development in its online/ e-commerce market, more significant levels of extra cash, and increased internet penetration have made India among the best three quickest developing markets for parcel shipment.
E-commerce based business has changed the manner in which business is done in India. The Indian internet business advertise is relied upon to develop to USD 200 billion by 2026 from USD 38.5 billion starting in 2017. Increasing growth in the e-commerce industry is attributed to several reasons, the introduction of the government’s Digital India initiative is of the main such factor.
The number of internet users had increased over the years in rural as well as urban regions. It appeared to be likely from past patterns that the dispatch of the Jio fixed-line broadband assistance, called Giga fiber may help in the already expanding e-commerce and internet penetration in the nation. As of Jan 2020, the countries’ digital population is around 688 million which will undoubtedly observe an ascent. Inferable from the high internet penetration over the most recent 2 years, which is just expected to ascend during the conjecture time frame, the CEP market in India is expected to observe consistent development during the gauge time frame.
