Demonetisation to give fillip to m-commerce in India
The Dollar Business Bureau Demonetisation will be giving the much-needed push to the m-commerce industry with a report predicting a huge shift of retail commerce to mobiles in the near future. According to CII Grant Thornton report on m-commerce, demonetisation is exactly what will benefit the already growing m-commerce ecosystem in India. m-commerce is the buying and selling of goods and services through mobile phones. The report underlined the rising smartphone usage coupled with banning of Rs. 500 and Rs 1,000 notes as making a strong case for the m-commerce industry to flourish. The growth of the former can be attributed to the availability of affordable smartphones and mobile data plans. This is being further consolidated with the entry of new service providers such as ...
Hiring in e-commerce to grow 60-65% in 3 years
A majority of e-commerce businesses have increased their turnover since last year and present a good opportunity for the industry to develop further, says an ASSOCHAM study. The Dollar Business Bureau India's e-commerce market was worth about $3.8 billion in 2009, it went up to $17 billion in 2014 and to $23 billion in 2015 and is expected to touch whopping $38 billion mark by 2016 E-commerce industry is likely to generate 2.5 lakh jobs in online retail this year with the hiring in the sector likely to grow at 60-65%, says a report by the Associated Chamber of Commerce and Industry (ASSOCHAM). According to the industry body, around 2.5 million staff will be required to work within the e-commerce sector by 2016 ...
E-Commerce market to grow 67% in 2016
India's e-commerce market went up to $23 billion in 2015 from $17 billion in 2014 and it is expected to touch $38 billion by 2016, says ASSOCHAM The Dollar Business Bureau In 2015, 78% of shopping queries were made through mobile devices, compared to 46% in 2013 Indian e-commerce market is likely to grow by 67% in 2016 to reach $38 billion from the current level of $23 billion, a study has said. Increasing internet and mobile penetration, growing acceptability of online payments and favourable demographics have provided Indian e-commerce players the unique opportunity to connect with their customers, said the study conducted by the Associated Chamber of Commerce and Industry (ASSOCHAM). With buying trends witnessing a significant upward movement in 2015 due to ...
E-Commerce market likely to touch $128 bn mark by 2017
The Dollar Business Bureau The study titled ‘Future of e-Commerce: Uncovering Innovation’ conducted by the Associated chamber of Commerce and Industry (ASSOCHAM) and Deloitte has observed that the digital commerce market in India has grown from $4.4 billion in 2010 to $13.6 billion in 2014. Key merger and acquisition deals, including those between Softbank and Snapdeal; Flipkart and Myntra; and Ola Cabs and TaxiForSure and sky-rocket valuation of these e-commerce giants in the last one year create space for this unprecedented growth. Owing to widespread mobile usage all over, big players in the digital commerce space claim to have more than 50% of their revenue coming from mobile apps and are gearing up for more efforts on increasing their penetration ...
Online spending in India to jump 67% in 2015: Study
Sachin Manawaria | The Dollar Business The annual spending on online purchases in India is projected to grow by 67% to Rs.10,000 from per person in 2015 from Rs.6,000 in 2014, says the recently concluded study conducted by Associated Chambers of Commerce & Industry of India (ASSOCHAM) and PwC. The study says that around 40 million consumers purchased online products in 2014, and the numbers are expected to go up to 65 million in the coming year. Better infrastructure, logistics, broadband and internet ready devices will drive the demand of online spending further in India next year. According to the study, the e-commerce market in India is valued at $17 billion and is growing at a CAGR of around ...
