OPEN NETWORK FOR DIGITAL COMMERCE (ONDC)

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24 Jun OPEN NETWORK FOR DIGITAL COMMERCE (ONDC)

Posted at 24 Jun 2022 in Top IAS Coaching by
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  • Meaning :- ONDC is a network based on open protocol and will enable local commerce across segments, such as mobility, food order & delivery, grocery, hotel booking and travel etc. to be discovered and engaged by any network-enabled application     
  • It is a Not-for-profit organisation that will offer a network to enable local digital commerce stores across industries to be discovered and engaged by any network-enabled applications.
  • GOI focused on ONDC with an aim to “democratise” the country’s fast growing digital e-commerce space. Currently dominated by Amazon & Walmart. Presently ONDC is the pilot stage in five cities- Delhi NCR, Bengaluru, Bhopal, Shillong and Coimbatore, with a target of onboarding around 150 retailers.
  • GOI also setup of Advisory Council to analyze the potential of ONDC as a concept and recommend the government on measures needed to accelerate its adoption.
  • For next Five Years, ONDC expects to bring on board 90 crore users and 12 lakh sellers on the network and 730 crore additional purchases. It will standardize operations like inventory management, order management, cataloguing etc.
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