The word online shopping has become much popular in India than ever before. E-commerce has change the habit of shopping of Indian people. It has brought a revolution in India’s retail industry. People first use to buy from normal retail stores then came the trend of shopping mall. Due to popularity of shopping malls retail owners were in fear of losing their business and it did affect their business. But the real threat is e-commerce industry, which has changed the habits of shopping. Due to heavy discounts offered by e-commerce companies and easy availability of the products at doorstep, people prefer online shopping than any other mode of shopping.
Now let’s look at some amazing facts about Ecommerce in India from the information given in the Infographic. India’s E-commerce got attention when the big player eBay acquired bazee.com in year 2004. In 2007 birth of India’s biggest ecommerce player Flipkart took place. And then the story went on and on. The real game changer was Cash on delivery option for payment.
People very less preferred to make online payment and setback themselves from online shopping. India saw a rapid growth in internet users after 2000.By 2014 there were 243 million users plus 185 million active mobile internet users. Since 2012 ecommerce in India grew the fastest in Asia-Pacific region. The market was worth $2.5 billion in 2009, $6.3 billion in 2011 and $16 billion in 2013 and is estimated to reach $20 billion in 2015 and $56 billion by 2023.The demand for ecommerce is rising because technology has made it the easiest way to shop online, unlimited choices offered by online market place. Due to remarkable growth in India ecommerce industry, foreign investors are heavily investing in India’s E-commerce companies.
Here are some dominating players in India’s ecommerce industry:
Flipkart – $7 bn
Snapdeal – $2 bn
Jabong – $500 mn
Paytm – $400 mn
Myntra – $200mn
In 2013 E-commerce market size was $1.3 billion and the growth rate was 32%. By 2015 market size is expected to be of $4.2 billion and will be growing at a alarming rate of 50%. So online shopping would be future of shopping in India.
Likes– Good Statistics given about India’s E-commerce industry in the infographic.
Dislikes– Infographic would have been more informative if the fund raised by Ecommerce companies would have also been given.
This infographic by Vouchercloud India takes a look at the growth of e-commerce in India,how online business has changed over the years and gives a projection to the levels it could reach in the near future.
Infographic by Vouchercloud India