Friday, 12 May, 2023

E-commerce Growth Slows Down as Consumers Reduce Spending

As per the recent report, the Indian e-commerce sector has seen a slowdown in growth due to a decrease in consumer spending. The rise in online sales during the pandemic has led to a surge in e-commerce businesses, but now as the pandemic wanes and people start to venture out more, consumers are spending less on e-commerce. Another factor affecting the industry is the rise of social commerce, where businesses are increasingly using social media platforms.