India's E-commerce Market Rose 88 Percent In 2013: Survey

25
cmt right
17
Comment Right
34
cmt right
7
cmt right
Printer Print Email Email


New Delhi: India's e-commerce market grew at a staggering 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 by industry body Assocham.



"The increasing internet penetration and availability of more payment options boosted the e-commerce industry in 2013," Assocham secretary general DS Rawat said.



"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," Rawat said.



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 88percent 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.
Read Also:
Can CEO Panel Members Help Infosys To Steers Clear Off On 'Default CEO' Remark?
Despite Various Top-Level Exits, Infosys' Stocks Are Up By 50 Percent


Source: PTI
next new
SPOTLIGHT
ATEN India Showcases its World
ATEN India, the Liaison Office of ATEN International, exhibited it's most promising data center in..
Robyn Denholm is new Tesla
Electric car company Tesla on Thursday announced the appointment of Robyn Denholm, an executive at..
Gartner cites Newgen Software as
Newgen Software, a provider of Business Process Management (BPM), Enterprise Content Management (E..
Apple top-selling phone brand in
Moving ahead of its Chinese rivals, Apple became the top-selling phone brand during Chinese e-comm..