Successful eCommerce Ventures in India
India is the fourth country in terms of Internet usage. The internet-savvy population has a number of online markets catering to a huge number of products. The eCommerce market in India is expected to be around Rs 950 Million, out of which market for online shopping is at Rs 130 Million. The global growth rate for online shopping is around 8%-10%, but India has a much higher growth rate of 30%.
Some of the areas that have observed a successful eCommerce activity include:
Travel and tourism: In India, IRCTC is the most successful eCommerce initiative. It has contributed Rs 340 Million to the total eCommerce business of Rs 900 Million.
Online Shopping: In metro cities, particularly Delhi and Mumbai, online shopping is becoming popular. Some of the stores providing online shopping facilities include: The Bombay Store, Big Bazaar, Pantaloons, and shopping portals on websites such as www.rediff.com.
Locations of widespread eCommerce activity: Mumbai is India’s leading eCommerce marketplace. Delhi ranks second in online shopping activity. India’s top 5 eCommerce hubs are: Delhi, Mumbai, Chennai, Jaipur and Bengaluru.
According to a survey conducted by eBay, India had about 2,471 eCommerce hubs in 2009. In this year, all 28 states and 7 Union Territories of India witnessed eCommerce transactions. Additionally, the survey reveals that most of the eCommerce transactions originate from Andhra Pradesh, Tamil Nadu, Kerala, Maharashtra, and Gujarat. These are the cities where most of the IT hubs are located.
For more detailed information on the eCommerce industry in India, visit the following link at India reports: http://www.india-reports.com/summary/ecommerce_in_india.aspx. India Reports provides analysis, reports, PPTs and statistics on India. India Reports also provides clients with custom-made reports to meet specific needs.
