Ecommerce market of India grew at a Fabulous rate of 88 percent in 2013 to $16
billion, riding on booming online retail trends and defying slower
economic growth and spiralling inflation, according to a survey conducted by ASSOCHAM.
Some of the major contribuors are Flipcart, Snapdeal, Shopclues Ebay and a recently launched Amazon India
"Besides electronics gadgets, apparel and jewellery, home and kitchen appliances, lifestyle accessories like watches, books, beauty products and perfumes, baby products witnessed
significant upward movement in last one year," .
According to the survey, India's e-commerce market, which stood at $2.5 billion in 2009, reached $8.5 billion in 2012 and rose 88 percent to touch $16 billion in 2013. The
survey estimates the country's e-commerce market to reach $56 billion by 2023, driven by rising online retail.
As per responses by 3,500 traders and organised retailers in Delhi, Mumbai, Chennai, Bangalore, Ahmedabad and Kolkata who participated in the survey, online shopping grew at a rapid pace in 2013 due to aggressive online discounts, rising fuel prices and availability of abundant online options.
Among the cities, Mumbai topped the list of online shoppers followed by Delhi, while Kolkata ranked third, the survey found.
"Besides electronics gadgets, apparel and jewellery, home and kitchen appliances, lifestyle accessories like watches, books, beauty products and perfumes, baby products witnessed
significant upward movement in last one year," .
According to the survey, India's e-commerce market, which stood at $2.5 billion in 2009, reached $8.5 billion in 2012 and rose 88 percent to touch $16 billion in 2013. The
survey estimates the country's e-commerce market to reach $56 billion by 2023, driven by rising online retail.
As per responses by 3,500 traders and organised retailers in Delhi, Mumbai, Chennai, Bangalore, Ahmedabad and Kolkata who participated in the survey, online shopping grew at a rapid pace in 2013 due to aggressive online discounts, rising fuel prices and availability of abundant online options.
Among the cities, Mumbai topped the list of online shoppers followed by Delhi, while Kolkata ranked third, the survey found.
Indian E-commerce industry is improving their work in many areas it a satisfaction for all of them. Thank you so much for sharing such a nice project.
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