Indian e-commerce market is contributing only 12% of the country’s total internet user base and e-commerce
in India is expected to raise 12 folds by 2020. This is higher compared
to china’s e-commerce with the same user base. Though with less number
of online buyers, the Indian e-commerce market is still dominated China
with same number user base. Internet users with a user base of 250
million totalled $14 billion from India’s e-commerce and $13.6 billion
from China’s e-commerce
it estimates that Smartphone’s ranging Rs 3,250 and low cost mobile
internet may accelerate the Indian internet user base to 500 million by
2017.
India’s e-commerce user base is growing rapidly and it is becoming 3rd largest with 354 million in June, 2015. India market is mostly encouraging the cash deliver method for the user’s trust. The five Indian biggies in e-commerce in India are Flipkart, Snapdeal, Paytm and others. As Smartphone users are increasing which indirectly helping the commerce growth in India. India is reaching 200 million faster than the US market. The availability of wide range of products also helping to the shifting its focus from this retail market towards e-commerce. India’s retail market still a worth of $925 billion which growing rapidly and in coming next three years, this growth rate will increase to 8 percent because of the foreign direct investment which is the welcoming step that helped by the reforms which are brought by Prime Minister Narendra Modi
India’s e-commerce user base is growing rapidly and it is becoming 3rd largest with 354 million in June, 2015. India market is mostly encouraging the cash deliver method for the user’s trust. The five Indian biggies in e-commerce in India are Flipkart, Snapdeal, Paytm and others. As Smartphone users are increasing which indirectly helping the commerce growth in India. India is reaching 200 million faster than the US market. The availability of wide range of products also helping to the shifting its focus from this retail market towards e-commerce. India’s retail market still a worth of $925 billion which growing rapidly and in coming next three years, this growth rate will increase to 8 percent because of the foreign direct investment which is the welcoming step that helped by the reforms which are brought by Prime Minister Narendra Modi
Comments
Post a Comment