According to the Preti Desai, President, Internet and Online Association of India "E-commerce is coming of age in India.

Chaining lifestyles and shopping habits" Now a days most of the metro and non-metro corporation cities are basing completely on the media and internet and multiple internet access points. As per the survey reports, of Internet and online association of India, the total value of ecommerce activities within India crossed Rs.570 crore during 2004-05. On the basis of that, the present and the next couple of years it may be crossed to Rs.2300 crore worth of e-business in India. In India most of internet users are purchasing their commodities and services through online shopping through internet and e-business. As per the reports, out of 3099 online shoppers, the average of 55% i.e., 1,716 shoppers are benefiting for online services, that are getting services through online and use of internet by way of e-commerce. The rapid development of E-commerce in India is forcing companies to adopt business strategies revolving around the internet. As per the Chairman of IOAL "The report reflects the chaning face of business trends in India. Today, the internet population is 25+ million and is expected to grow at 100 million by end of 2008" So on the basis of reports, we can imagine how the India is growing with online shopping and e-commerce. India is the second most populous country and the largest democracy in the world. Now India has improved its position to the 43rd rank in the World of E-Commerce activities. The rapid development of e-commerce is forcing companies today to adopt business strategies rotating around the internet. Finance Minister of India Mr.P.Chidambaram announced recently that expected growth rate of Indian economy is 9 % for the year 2008 and that is excellent by any means.Though impact of Indian economy growth may not be considerable on world scale but atleast all Indians will be very very happy.

Read more: http://wiki.answers.com/Q/What_is_the_present_scenario_of_the_Indian_economy#ixzz1jSmgib Dd

Since the economic crisis of 1991, sustained economic liberalization has steered the country towards a more globally integrated and market-based economy. This twin strategy of economic reforms and encouragement to foreign and private capital resulted in the economy beginning to register high growth rates in the first decade of the 21st century. By 2008, India had established itself as the worlds second-fastest growing economy after China. It was the financial crisis of 20072010 that emerged as a major setback for our economy. The poor monsoon too worsened the situation as Indias Gross Domestic Product (GDP) growth rate significantly slowed to 6.7 per cent in 200809, but subsequently recovered to 7.2 per cent in 200910, while the fiscal deficit rose from 5.9 per cent to a high 6.5 per cent during the same

period. Indias current account deficit surged to 4.1 per cent of GDP during Q2 FY11 against 3.2 per cent the previous quarter. The unemployment rate for 20092010, according to the State Labour Bureau, was 9.4 per cent nationwide, rising to 10.1 per cent in rural areas, where twothirds of the 1.2 billion population live. Finally, the Central Statistical Organisations recently released estimate of GDP growth of 8.6 per cent for 2010-11 is consistent with the Reserve Banks projection set out in the Third Quarter Review. Inflation The stubbornly high rate of inflation continues to be a worry. After a slight moderation in January, the inflation rate, as measured by the Wholesale Price Index, rose again, thanks mainly to a sharp increase in non-food manufactured product inflation. As expected, prices of food articles have witnessed a decline after reaching a peak in late 2010. However, the prices of protein sources such as milk and eggs, meat and fish continued to remain high reflecting structural demand-supply imbalances. The Budget 2011-12 showcased a number of measures to improve the agricultural supply response and the imbalances.