Prime Minister Shri Narendra Modi emphasized the transformative impact of the Open Network for Digital Commerce (ONDC) in empowering small businesses and reshaping the e-commerce landscape in India. In a recent post on social media platform X, Shri Modi highlighted ONDC’s pivotal role in driving growth and prosperity across the nation.
Responding to a post by Union Minister Shri Piyush Goyal, the Prime Minister wrote,
“ONDC has contributed to empowering small businesses and revolutionising e-commerce, thus playing a vital role in furthering growth and prosperity.”
The ONDC initiative, launched to democratize digital commerce, aims to create an inclusive ecosystem where businesses of all sizes can thrive. By fostering interoperability and eliminating platform monopolies, ONDC is leveling the playing field for small and medium enterprises, enabling them to access a wider customer base and compete with larger e-commerce players.
Shri Piyush Goyal, Minister of Commerce and Industry, has been a strong proponent of ONDC. He recently lauded its achievements, pointing out how it has enabled small retailers to leverage technology and enhance their competitiveness.
Revolutionizing the Digital Marketplace
ONDC’s unique approach focuses on decentralizing e-commerce, allowing businesses to connect directly with customers through an open and neutral network. The initiative is seen as a significant step towards realizing the government’s vision of a self-reliant India (Aatmanirbhar Bharat).
The platform has gained momentum over the past year, with an increasing number of businesses and consumers embracing its model. It has been instrumental in fostering innovation, reducing operational costs, and improving access to e-commerce services in remote and underserved areas.
A Boost to Economic Growth
Analysts and industry experts believe ONDC’s model could redefine the future of e-commerce, promoting inclusivity and driving economic growth. By integrating small businesses into the digital economy, ONDC contributes to job creation, higher productivity, and a robust supply chain ecosystem.
Prime Minister Modi’s endorsement underscores the government’s commitment to empowering small businesses through technology-driven initiatives. With ONDC at the forefront, India is poised to set an example for the world in creating an equitable and thriving digital marketplace.
For more updates on ONDC and its impact, stay tuned to AKM NEWS.
