India to open ecommerce market in 2022-23

Aug 16, 2021 News file

India is set to open up ecommerce in 2022, with the government saying it will have over 3,000 vendors in the country.

The move comes after the government, in September, approved the listing of a small group of ecommerce platforms to allow users to shop through the internet, and the government’s move to attract foreign investors for infrastructure.

The ecommerce sector in India, which has been struggling with low demand, has been hit hard by the government shutdown and the Goods and Services Tax (GST) that is expected to bring an increase in ecommerce transactions.

The government’s moves come after Prime Minister Narendra Modi had announced a “Digital India” project in December 2017, which aimed to develop ecommerce and create jobs in the digital economy.

The digital economy in India has grown exponentially in the past few years, but many are worried about how it will affect the industry, as well as the livelihoods of its workers.

In March, the government imposed a ban on foreign firms and organisations from buying land in rural areas to expand ecommerce.

The country’s ecommerce boom has come to a halt after the GST, which is expected make it difficult for businesses to expand.

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