Published June 30, 2023 | Version v1
Journal article Open

An In-depth Exploration of Open Network Digital Commerce in India's Dynamic Economy

  • 1. Research Scholar, RCU Belagavi
  • 2. Associate Professor, MBA Dept, BLDEA's ASPC ,Vijaypura
  • 3. Assistant Professor, MBA Dept, Klecet Chikkodi

Description

The advent of open network digital commerce has revolutionized the global business landscape, enabling seamless transactions, expanding market reach, and fostering economic growth. In the context of India, one of the world's fastest-growing economies, the potential of open network digital commerce is immense. This research paper aims to provide a comprehensive analysis of the state of open network digital commerce in India, examining its current landscape, key players, challenges, and opportunities.To accomplish this, the paper draws upon various data sources and employs rigorous analytical techniques. The primary objective is to gain valuable insights into the potential of open network digital commerce to drive inclusive growth, foster entrepreneurship, and transform the Indian economy.

Identifying the key drivers and enablers, the paper explores factors that have propelled the growth of open network digital commerce in India. These include increasing internet penetration, the availability of affordable smartphones, the development of digital payment infrastructure, and supportive government initiatives aimed at promoting digital literacy and entrepreneurship.

In summary, this research paper offers a comprehensive analysis of open network digital commerce in India, presenting valuable insights for policymakers, researchers, and practitioners seeking to understand and harness the potential of this transformative phenomenon. By unlocking the power of digital commerce, India can drive inclusive growth, foster entrepreneurship, and propel its digital economy to new heights.

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