Go to the Web site of Global Technology Forum (http://www.ebusinessforum.com/). Choose a foreign country and find out the progress of technology there. Does it look like a candidate for online...

Growth of online financial services in INDIA

A high growth is expected in the amount of Indian people using e – commerce and other
financial services. This may be because of the increase in the awareness about internet in Indian people
or because of them accepting internet as a part of their lives. Online financial services stand in a unique
position in India. Especially e – commerce is doing excellent in different sectors such as ticket, hotel –
bookings, music and video downloads, online tutoring, tailing industry, various financial services and a
lot more. A lot of financial transactions happen over internet such as premium payments, funds transfer
etc.
It is estimated that, by the end of 2009, the online financial services contributed to about 8% of
total market size of e – commerce in India, with an annual average growth of about 30%. The overall
market size of online financial services in 2009 is 15.4 Billon. This is about a 28% increase from 2008
where in it was...