Aadhar
UPI & now
Open Network for Digital Commerce(ONDC)
As ONDC starts testing in Bengaluru!
ONDC is yet another UPI moment(game changer) in e-commerce
A thread🧵on what is ONDC? How will it revolutionize e-commerce in India?
Hit "Retweet" to educate people
Lets go👇
(1/21)
How Big is India's e-commerce market?
In India, the Gross Merchandising Value (GMV) for the digital commerce retail market was ₹2.85 Lakh Crores (US$ 38 billion) in 2020.
(2/21)
Kirana Stores are physical in Nature:-
In India, around 1.2 crore Kirana stores, which are hyperlocal neighborhood provision stores, account for 80% of the retail sector, but most of these stores are digitally excluded.
(3/21)
India had 4.25 crore Micro, Small and Medium Enterprises (MSMEs) that could benefit from the digital revolution, the paper adds.
(4/21)
Currently, only about 20% of internet users in India are online shoppers.
By 2030, we can expect this to grow to nearly 50 crores,
(5/21)