172 days Ago
22 Jun 2023
ONDC means Open Network for Digital commerce
05 Jul 2023
Thanks for sharing your views!!
For the sake of comparison, I believe that ONDC is the new turning point in the Indian business ecosystem, being just as innovative as UPI.
Every business, no matter how big or small, will have an equal chance of being visible in the customer search results thanks to a ONDC.
Small sellers can sell their products at the point of competition regardless of their volume of business.
Customers would have a lot more products and places to choose from and would be able to grab better prices.
Given the aforementioned, we may anticipate that ONDC will increase commerce in India, which may result in the GDP boost.
ONDC will function as an open network opening opportunities in the e-commerce sector. Local shop owners can reach out to their potential consumers. They can display their products and services on the search results of any app. Now consumers can shop for these using the ONDC integrated platform.
This integration means that a consumer searching for a product on a specific app, such as Amazon, will also see results from other integrated platforms like Flipkart. However, it is possible only when the present sellers and buyers have onboarded their data on this platform. It will be interesting to see how this new approach is received by both consumers and businesses.
ONDC looks like a game changer to me. It'll provide more options for the customers. Also, the service providers will have to adapt and redesign their product selling proposition.
ASK THE COMMUNITY
Started by Team Taprootz - 172 days Ago E-Commerce