PSD requires the European Commission to report on the implementation and impact of the PSD by 1 November 2012. There are no dedicated online pharmacy laws in India and it is permissible to sell prescription medicine online with a legitimate license. Online markets and retailers have to find the best possible way to fill orders and deliver products. "Online shoppers in India to cross 100 million by 2016: Study". Customers are also concerned with the security of online transactions and tend to remain loyal to well-known retailers. Gracie, Carrie (8 September 2014). With more choices of products, the information of products for customers to select and meet their needs become crucial. 1983: California State Assembly holds first hearing on "electronic commerce" in Volcano, California. George Parker and Brooke Masters. 12 As per "India Goes Digital 13 a report by Avendus Capital, the Indian e-commerce market is estimated at Rs 28,500 Crore (6.3 billion) for the year 2011.
However, online retailers cannot offer the physical experience that traditional retailers can. Online and traditional markets have different strategies for conducting business. The affections on physical flows improved the way of product and inventory movement level for companies. On the other hand, because e-commerce requires sufficient stocks that could be delivered to customers in time, the warehouse becomes an important element. The GCC countries have a rapidly growing market and characterized by a population that becomes wealthier (Yuldashev). Another big segment in e-commerce is mobile/DTH recharge with the Biography of Adam Smith nearly 1 million transactions daily by operator websites. Apec has an Electronic Commerce Steering Group as well as working on common privacy regulations throughout the apec region.
E - commerce and its growth