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 ...
