Latest Business News - With the rise of digital natives, better logistics, broadband and internet-ready devices, the number of consumers shopping online is going to cross 100 million this year from 69 million in 2016, a joint study said here on Monday.
"In 2016, about 69 million consumers purchased online and the number is expected to cross 100 million by 2017 with the rise of digital natives, better infrastructure in terms of logistics, broadband and Internet-ready devices to fuel the demand in e-commerce," according to an Assocham-Resurgent India study.
As per the findings of the joint study, Bengaluru has left behind all other cities in India shopping online in the year 2016. While Mumbai ranks second, Delhi ranks third in their preference for online shopping.
The joint study revealed that Indian e-retail looks even more promising which is up from $3.59 billion in 2013 to $5.30 billion in 2014 (an increase of 48 per cent), by the end of 2018, it is expected to touch $17.52 billion (with growth of 65 per cent).
In 2017, mobile commerce will become more important as most of the companies are shifting to m-commerce. Mobile already accounts for 30-35 per cent of e-commerce sales, and its share will jump to 45-50 per cent by 2017," added the report.(Read More)
