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Indian ecommerce industry to grow up to $3800
Posted on: 02/Jan/2016 11:01:44 AM
Indian ecommerce sector is likely to see an income of $3,800 crore this year. The same was $2300 crore in 2014. Some of the reasons for increasing growth in ecommerce industry includes wider use of internet, increase in number of smartphones, suitable financial status, increasing number of youngsters, exclusive offers and discounts announced by ecommerce firms, etc.
On the other hand, there is equal growth in the m-commerce industry as well. For those who are not aware of what m-commerce is, it is the shopping done using mobile phones. It is also found that 70 percent of online shopping is done using mobile phones.
Mumbai city stands on top with the most number of buyers and this is followed by Delhi, Ahmadabad, Bengaluru and Kolkata. In the first and second tier cities, one-third of the users place their online orders using mobile phones.
Textile industry has seen a significant growth in online shopping in 2015. Comparing the growth in this industry between 2014 and 2015, the growth during the latter is 69 percent higher. Following this, there is 62 percent increase in growth in electronics, 53 in baby products, 52 in beauty products, and 49 in furniture.
Nearly 45 percent of online shoppers prefer Cash on Delivery option for their purchase. 16 percent of them use credit card and 21 percent use debit card to make payments for their online purchase. Only 10 percent of shoppers use internet banking facility. And only 7 percent of them use mobile wallet, cash card and other facilities.
The mostly sold products in 2015 include mobile phones, iPad, MP3 players, digital camera and jewels.
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