Indian E-Commerce Trade To Cross Rs. 9000 Crores By End Of Mar’08
(Rate this article)
Loading ...Email It!
As we had mentioned in our previous posts about Fabmall-manorama launching an e-commerce site and the launch of Futurebazaar, Indian e-commerce market is booming right now. Big players like Big Bazaar, Indiaplaza.in, Globus, Reliance, Pantaloons and others have been making plans to capture a slice of the e–commerce market. Some of them have even launched complete e-commerce portals to cater to the needs of the Indian consumer. This is creating a competitive battlefield for especially the retail giants in the online commerce market.
The Indian e-commerce market is expected to reach Rs. 9200 crores levels by end of financial year 2008. At the end of FY 2007, the e-commerce market size was projected to be Rs. 7080 crores.
A survey conducted by IMRB and, Internet & Mobile Association of India (IAMAI) says that the average growth rate of the e-commerce market for the Year 2007-2008 has been projected at 30%.
The travel segment of the e-commerce market leads the bunch as its expected growth rate is projected at 30% i.e. about to reach Rs. 7000 crores by end of Financial Year 2008. For the Financial Year 2007, the projection for this segment was Rs. 5500 crores.
The Online Classifieds segment follows the travel segment with an expected projection of Rs. 820 crores by end of the Financial Year.
The eTailing segment stood at Rs. 850 crores in the Financial Year 2007 which is expected to reach Rs. 1105 crores as an industry by end of Financial Year 2008. Paid content and digital downloads accounted for the rests.
As the number of internet users is ever increasing day-by-day, the online commerce market is growing at an enormous rate. The opportunity is big here and every other retail giant wants to be a part of Merry-Christmas party. E-commerce seems to be a promising business deal of the future.
According to an IMRB study, it states that shopping convenience, time saving and the availability of a wide range of products were the three major triggers of the Indian e-commerce market.
Click here to download the entire report
Loading ...
Leave a Reply