How Indian SMEs are Going Global?

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mstakh.i.mom.i
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How Indian SMEs are Going Global?

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Expert predictions indicate that the growth in global eCommerce sales will continue, albeit at a comparatively stable pace. That brings us to the question: How many people are shopping online? About 2.71 billion consumers purchase products online. Most of these purchases is taking place through smartphones, with nearly 91% of shoppers opting for this medium.

The global retail eCommerce sales recorded in 2023 were approximately USD 5.8 trillion. Projections imply a 39% growth in the coming years, surpassing USD 8 trillion by 2027.


Expanding business into foreign markets and achieving a global presence is bosnia and herzegovina phone number list inevitable to thrive in this highly competitive and interconnected world. Expanding globally helps businesses grow their brand name, gain a new customer base, and lead to economies of scale. Digitalization and the eCommerce wave have enabled Indian SMEs to go global. These helped the businesses access the vast online marketplace, increase visibility, and enhance brand awareness. Many Indian business giants have already created their mark in the global market. Some of them are Tata, Titan, Mahindra, Amul, etc.

Building Your International eCommerce Strategy
Fortunately, eCommerce is an excellent method for conventional businesses and retailers to test the waters overseas before actually opening a physical store on foreign grounds. However, it is vital to understand that every nation is different and needs a separate approach before launching your global expansion.
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