india-news

Online shopping rises 85 percent in 2013: Survey

New Delhi, Dec 30 : Online shopping has risen by a whopping 85 percent in 2013 as compared to last year's figure of $8.5 billion on increasing Internet penetration, rising fuel prices and wider choices in the comfort of one's home, a report revealed Monday.


"Online Shopping - Review & Outlook in 2013," released by industry chamber Assocham showed that India's e-commerce market rose from about $2.5 billion in 2009 to $6.3 billion in 2011, $8.5 billion in 2012 and further to $16 billion in 2013.

It is expected to touch $56 billion by 2023-- 6.5 percent of the total retail market.

"Spiralling inflation and slower economic growth have failed to dampen the online shopping trends. In fact, increasing Internet penetration and availability of more payment options boosted the e-commerce industry," said D.S. Rawat, secretary general Assocham.

"Besides electronics gadgets, categories like apparel and jewellery, home and kitchen appliances, lifestyle accessories like watches, books, beauty products and perfumes, baby products have witnessed a significant upward movement in the last one year," he added.

Over 3,500 traders and organized retailers in Delhi, Mumbai, Chennai, Bangalore, Ahmedabad and Kolkata were interviewed for the survey.

Mumbai was ranked first in online shopping followed by Delhi and Kolkata as those living in metros are attracted by factors like home delivery which saves time as well as 24X7 shopping, said the survey.

--IANS (Posted on 30-12-2013)

india-news headlines

PM, wife to vote in Assam

Supreme Court reserves order on Subrata Roy's plea against judicial custody, new offer

Tejpal pleads for bail, Supreme Court issues notice to Goa

CBI files closure report in two coal scam cases

AAP wants Togadia arrested for hate speech; BJP, RSS defend him

India to host World Bridge Meet

Himachal public service panel studying UPSC exam pattern

Kashmir observes shutdown over separatist detentions

Roy bail: Sahara makes new proposal

BJP, RSS defend Togadia

Rahul to hold rallies in three states Tuesday

Opponents plan to slice up Modi's Varanasi pie (Election Special)

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top