E-learning is the utilization of electronic devices for the learning purpose and is the opposite of the traditional method where there is the use of books. The use of computers and the internet is a major component of E-learning. It is used in schools, universities, and corporations(for training purposes). The course exists in varieties of forms such as audios, videos, presentations, etc. which can be discussed in the classrooms between students and teachers. This research paper identifies and analyses the impact and effectiveness of E-learning on students. The primary objective of this research project is to analysis the preference of E-learning over conventional learning method. While the secondary objective is to recognize the factors inhibiting the popularity of E-learning. Snowball sampling method was used for the survey. The parameter that has been assessed in this study is ‘Response Behaviour of Individuals towards E-learning’. The research was conducted by a primary survey. According to the latest report, the Indian e-learning market size was USD247 million, comprising 1.6 million users in 2016. It is expected to witness an 8X growth to reach USD1.96 billion and the current user base will grow at 44 percent CAGR to 9.6 million users by 2021.In fact, India’s e-learning market is the second largest after the US which is forecasted to grow by 15.64 percent and exceed $48 billion by 2020.