Impact of e-commerce on small scale industries in global economy

With the emergence of a global economy, e-commerce is becoming strong catalyst to expand business activities and build an active customer base. It not very surprising see revolutionary way in which has helped industry. The integration information communication totally changed relationship between organizations, consumers those who act as mediators organizations consumers. use technology only enabled greater consumer participation but also mass along with reduced costs. Small scale industries, or what popular parlance are called SSI, long been accepted engines economic growth development. impact SSI economy crucial role construction society free poverty. reason that they provide ample job opportunities different strata ensure flow money across various levels society. Help play critical world by contributing employment scenario input output. There certain points be understood here. As per report published 2015, approximately 600 million jobs would required worldwide over next 15 years. Predominantly, most formal available developing markets created SSI. That almost four out five market. Despite playing vital development it observed around 50% lack access finance capital investment. At any given point time, create 33% national income 45% total countries. When we include informal list, numbers rise even higher.