TOPIC: : Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
4) As one of the fastest growing online retail markets among the economies of the world, the e-commerce sector must be assured of a fair policy framework to support India’s emergence as a $5 trillion economy by fiscal year 2024-25. Comment.( 250 words)
Why this question:
The article brings out the significant contributions that e-commerce in India is making and the steady trajectory of growth it has been achieving amidst economic slowdown facing the country.
Key demand of the question:
One has to elaborate on the fact that the potential of job creation in e-commerce is evident from the extent to which it has penetrated India’s retail and consumption ecosystem. Explain in depth in what way e-commerce can be potentially used to create more jobs and augment the dream of $5 trillion economy.
Comment– here we have to express our knowledge and understanding of the issue and form an overall opinion thereupon.
Structure of the answer:
In brief highlight statistics related to e-commerce in India.
Explain that the e-commerce sector’s resilience indicates an increasingly sharper understanding of what both India and Bharat want.
It also must be noted that amid a perceived nationwide slowdown in consumption, India’s e-commerce sector has recorded its highest sales ever.
Discuss the benefits of e-commerce.
What are the possible challenges? And how they can be addressed.
Conclude by reasserting the fact that the potential of e-commerce sector must be utilized to the fullest.