What impact does the ONDC have on small businesses and e-commerce according to PM Modi
PM Modi refers to the ONDC as empowering small businesses and transforming the e-commerce sector.
- The ONDC (Open Network for Digital Commerce) initiative aims to provide a level playing field for small businesses by enabling them to have better access to the digital marketplace.
- It empowers small businesses by reducing dependency on big e-commerce platforms and allowing them to directly engage with customers through the digital network.
- It facilitates seamless integration of local businesses into the e-commerce ecosystem, thereby expanding their reach and potential for growth.
- By promoting fair competition, the ONDC helps small businesses to compete effectively with larger players in the e-commerce sector.
- Overall, PM Modi views the ONDC as a transformative initiative that can revolutionize the e-commerce sector and benefit small businesses significantly.
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4 months ago