How to order through ONDC? | What is ONDC? PayTM Mall ONDC | Amazon Killer Flipkart Killer ONDC

In this video I have explained about ONDC Open Network for Digital Commerce (ONDC) is a network based on open protocol and will enable local commerce across segments, such as mobility, grocery, food order and delivery, hotel booking and travel, among others, to be discovered and engaged by any network-enabled application.

The platform aims to create new opportunities, curb digital monopolies and by supporting micro, small and medium enterprises and small traders and help them get on online platforms. It is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.

WHAT ARE ONDC'S TRANSACTION TARGETS?
ONDC aims to raise e-commerce penetration in the next two years to 25% of India's consumer purchases, from nearly 8% now, in a country of 1.35 billion people.

It also hopes to sign up 900 million buyers and 1.2 million sellers on the shared network within the next five years, while achieving gross merchandise value of $48 billion.

The government estimates that India's e-commerce market was worth more than $55 billion in gross merchandise value in 2021 and will grow to $350 billion by the end of this decade. Currently, Amazon and Walmart's Flipkart control more than 60% of the market.

The initiative aims to create new opportunities and curb digital monopolies by supporting micro, small and medium enterprises, and small traders to get them on online platforms. The initiative is taken by the Department for Promotion of Industry and Internal Tarde under the Ministry of Commerce and Industry.

The ONDC is already running its pilot program in 5 cities in India- Bengaluru, New Delhi, Coimbatore, Bhopal, and Shillong. It aims to reach around 100 cities by August and open it to a wider public in the current 5 cities. The program is currently in the beta-testing phase with only 5 sellers and a limited set of buyers.

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➡️ Time Stamp
00:00 - Intro
00:10 - What is ONDC?
00:50 - How to order ONDC?
02:18 - Please do SUBSCRIBE and LIKE

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