CURRENT AFFAIRS

2023

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What is India’s rank in UNCTAD’s Business-to-Consumer E-commerce Index 2019?

A	53rd
B	63rd
C	83rd
D	73rd

Explanation:

Detailed explanation-1: -In accordance with the ‘UNCTAD B2C E-COMMERCE INDEX 2020-Spotlight on Latin America and the Caribbean’, India ranked 71 out of 152 countries as compared to 75th position in 2019. The index measures an economy’s preparedness to support online shopping where B2C stands for Business to Consumer.

Detailed explanation-2: -The UNCTAD B2C E-commerce Index measures an economy’s preparedness to support online shopping. The index consists of four indicators that are highly related to online shopping and for which there is wide country coverage (Box 1).

Detailed explanation-3: -India is set to become the second largest e-commerce market by 2034 globally from its current ninth rank led by increased Internet penetration, said Akshay Gulati, Co-founder, Shiprocket.

There is 1 question to complete.