How Did Covid -19 Cause E-commerce To Boom In India?

As we know, the Covid-19 has changed people’s lives all over the world, from – How they work to how they socialize and how they shop.

The global pandemic accelerated digitization in India; as a result, the Indian e-commerce industry has seen massive developments.

In light of Covid-19, let’s take a closer look at how it has changed the E-commerce market in India.

How Has The Pandemic Affected The E-Commerce Sector?

The use of digital technologies by countries, businesses, and most importantly, individuals have increased in this last year. With more people staying at home, there is also a greater urgency for online shopping.

Today physical retail has blended with the digital world, and shopping is no longer limited to traditional stores. Consumers expect the same hassle-free and easy shopping experience whether they purchase in an app, through social media, or in person.

As a result of the pandemic, India’s E-commerce industry is expected to grow from $84 to $111 billion by 2024.

What Are The Changes In Consumer Behavior?

Covid-19 has an impact on 9 out of 10 consumers shopping behaviour. The fear of Coronavirus has entered the consumer’s mind and behavior, possibly affecting his or her purchasing habits.

Customers decide how, where, when, where, and why they purchase a product based on their daily requirements.

According to a survey, many consumers are making long-term changes to how they live, work, and shop.

Hence consumer brands need to embrace new approaches for the long term rather than waiting to return to pre-pandemic strategies.

Which Post-Covid Behaviours Are Likely To Continue?

During the pandemic, customers did not visit food joints and restaurants often, while many order takeout or delivery more frequently. Around a quarter of people believe these habits will continue after the pandemic is over

When it comes to shopping, customers are making more online transactions than they were before Covid-19, while very few are shopping in stores.

After months of reduced activity, consumers plan to sustain a higher level of online shopping.

Why Is It The Best Time To Shift Your Business Online?

If you’re considering entering the e-commerce industry, now is the best time to do so, as the Covid-19 pandemic is forcing physical store retailers to get on board.

Since last year, people are gradually discovering different ways to work, shop, and enjoy life remotely.

The Covid-19 crisis has given customers access to all the products from the comfort and safety of their own homes. It has allowed businesses to continue operating in the face of contact restrictions and other strict measures.

Businesses can take advantage of this situation and plan a suitable business model to kick-start their E-commerce business.

Conclusion

India’s strict lockdown laws, as well as consumers’ growing hesitation to step outside to shop for basic necessities, have pushed the country towards E-commerce. Also, e-commerce has created this consumer-friendly experience where everything is delivered at your doorstep which is convenient and the need of the hour.

Whether or not you already have an existing store/business, starting an e-commerce company is easy. It involves low-risk and low-cost.

If you are someone who is about to start their business venture, e-commerce has plenty of opportunities for income growth and high returns over the long term.

How Can We Help You?

We’ll take care of the laws and compliance procedures while you simply focus on your business. At Startupgowhere, we provide the following services:

1. Incorporation of your E-commerce business.
2. Registration of Digital Signature Certificate (DSC) and Director’s Identification Number (DIN).
3. GST Registration.
4. Application of Professional Tax License (PT).
5. Registration for Provident Fund (PF).
6. Book-Keeping and Accountancy.
7. Trademark