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E-commerce in India

From Wikipedia, the free encyclopedia

India has an internet users base of about 450 million as of July 2017, 40% of the population.[1].[2] Despite being the second-largest userbase in world, only behind China (650 million, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54 M, 81%), but is growing at an unprecedented rate, adding around 6 million new entrants every month.[3] The industry consensus is that growth is at an inflection point.[4]

In India, cash on delivery is the most preferred payment method, accumulating 75% of the e-retail activities.[5] Demand for international consumer products (including long-tail items) is growing much faster than in-country supply from authorised distributors and e-commerce offerings.

In 2015, the largest e-commerce companies in India were Flipkart, Snapdeal, Amazon India, and Paytm.[6]

Startup India

From Wikipedia, the free encyclopedia

Startup India

Startup India is an initiative of the Government of India.

The campaign was first announced by Indian Prime Minister, Narendra Modi during his 15 August 2015 address from the Red Fort, In New Delhi.[1] The action plan of this initiative, is based on the following three pillars:

An additional area of focused relating to this initiative, is to discard restrictive States Government policies within this domain, such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. It was organized by The Department of Industrial Policy and Promotion (DIPP).[2] A startup defined as an entity that is headquartered in India, which was opened less than seven years ago, and has an annual turnover less than ₹25 crore (US$3.8 million).[3] Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 1 million mobile app start-ups, and the MUDRA Banks scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds. Initial capital of ₹200 billion (US$3.1 billion) has been allocated for this scheme.

Make in India

Make in India
From Wikipedia, the free encyclopedia
Make in India, a type of Swadeshi movement covering 25 sectors of economy,[1] was launched by the Government of India in 25 September 2014 to encourage companies to manufacture their products in India. As per the current policy, 100% FDI is permitted in all the 25 sectors, except for space (74%), defence (49%) and news media (26%).[2][3] Japan and India announced a US$12 billion “Japan-India Make-in-India Special Finance Facility” fund.[4]

After the launch, India received ₹16.40 lakh crore (US$250 billion) worth of investment commitments and investment inquiries worth ₹1.5 lakh crore (US$23 billion) between September 2014 to February 2016.[5][6][7] As a result, India emerged as the top destination globally in 2015 for foreign direct investment (FDI), surpassing the USA and China, with US$60.1 billion FDI.[8] Several states launched their own Make in India initiatives, such as Vibrant Gujarat, “Make in Haryana” and “Make in Maharashtra”.[9] India received US $60 billion FDI in FY 2016-17.[10]

Combined with other initiatives by the end of 2017, India rose 42 places on Ease of doing business index, 32 places World Economic Forum’s Global Competitiveness Index, and 19 notches in the Logistics Performance Index.[10]

This initiative converges, synergises and enables other important Government of India schemes, such as Bharatmala, Sagarmala, Dedicated Freight Corridors, Industrial corridors, UDAN-RCS, BharatNet and Digital India.