Urban Indians Stocking An Estimated INR 22,000 Crore Of Used Goods

Bangalore: OLX.in, the online marketplace for used goods in India, and IMRB International, market research and consultancy firm, announced the results of the First Annual OLX Consumer Research on Used-Goods and Selling Trends (CRUST) Survey for 2013-14 that looks at the used goods market in urban India and the attitude of urban Indians towards used goods.

The study found that Indians have a habit of stocking goods they no longer use, constraining the space in their homes, as well as preventing them from liquidating those goods to earn money and buy items that are more relevant to them.

#1   As per the study, the total estimated realizable value of stocked goods across 12 surveyed cities to be INR 5100 Crore. When projected to Urban   India this value is estimated at INR 22,000 Crore.

#2   The estimated total number of goods stocked in the 12 sample cities was more than 17 Crores across the 15 different types of goods for which data was captured in the sample survey.

#3   Mumbai topped the clutter chart with more households stocking than anywhere else in India.

#4   The survey found the categories most stocked to be kitchen and home appliances, mobile phones, clothing, watches, and books.
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