Highlighting how AI can be effectively used in execution of government schemes, the report said that deep learning a part of AI can be employed to tackle issues of scale often prevalent in such schemes.
The luxury market in India is likely to touch $18.5 billion (bn) in 2016 as against $14.7 bn last year and will clock a compounded annual growth rate (CAGR) of 25 per cent, said chief executive officer (CEO) of NITI Aayog (National Institution for Transfo
It's a both good and a bad news because for smaller merchants it will become even more difficult to survive as now the bigger players will get tons of investment which would lead to creating a entry barrier for smaller and niche players.
Regulations in India don't allow e-tailers to buy the goods from manufacturers and sell them on their site. Therefore, the e-tailers have to rely on various distributors for shipping the products sold on their site.
As per one of the recent reports by industry body Assocham, India's eCommerce market is all set to touch a whooping figure of $38 billion by the end of 2016. This is a 67 percent hike over the $23 billion revenues for 2015.