World Information

  INDIAN E-COMMERCE INDUSTRY   E-commerce has transformed the way business is done in India. The Indian E-commerce market is expected to grow to US$ 111.40 billion by 2025 from US$ 46.2 billion as of 2020. Much of the growth for the industry has been triggered by an increase in internet and smartphone penetration. As of September 2020, the number of internet connections in India significantly increased to 784.6 million, driven by the ‘Digital India’ programme.  Out of the total internet connections, 61% connections were in urban areas, of which 97% connections were wireless.   The Indian online grocery market is estimat

  Software Industry and Exports   India's export of software services stood at US$ 128.6 billion during 2019-20, registering 9.1% growth over the previous year. Exports of computer services and ITES/BPO services contributed 66.6 per cent and 33.4%, respectively, of the total software services exports. The IT & Electronics industry is one of the fastest-growing industries in India, both in terms of production and export. In fact, software development and IT-enabled services have made India’s brand equity a force to reckon with.   Information Technology and Business process management (IT-BPM) industry revenue grew 7% y-o-y to reach US$ 191 billion i