Indian online industry will be more than its double fold from its current stand. The market size of online retail industry in India is likely to touch Rs 7,000 crore by 2015 with the increasing internet reach across India, a survey said. Currently, the online retail market stands at Rs 2,000 crore and is growing at an annual rate of 35%, industry chamber Assocham said.
Booming economy, higher disposable income & changing life-style where coming generation are falling in the early adopter category for accepting new technology, making favorable environment for eRetail in India.
Young shoppers need option to buy any time with a feature where they can compare features & prices. Online retail is a perfect medium for such customers.
No waiting, no fuel expanses and time saving are the main reasons that makes Mumbaikars top online shoppers. In Metros internet penetration is good and people have less time and more disposable income, so metros are leading the way.
Facilities like free shipping, product ratings/ reviews, multiple payment options, product demonstration videos and free return policy largely influence the purchasing decision of consumers shopping online.
Nikhil Kunwar
Well written post..just to add on,for any individual who spends hours working in front of their laptop screens, its like a virtual mall being offered at reasonable prices where in one can make instant comparisons along with delighting services like doorstep delivery and cash on delivery...This is the future of shopping!!
ReplyDeleteNice article ....Great to see that the Online shopping trend is widely accepted in Ahmedabad. Till now i was just thing that after Delhi & Mumbai it is Bangalore. Thanks for sharing this informative article. Keep posting this kind of stuff, i love to remain updated to the e-commerce industry.:)
ReplyDeleteVery Well posted :-), now we have opportunities to do in eCommerce part would more aggressively and growing as fast as we can !!!!
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