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Can you believe this?
Currently India has 350 million Internet users, which is expected to double by 2020. Also number of Online Buyers is expected to be around 175 million by 2020 from current 100 million+. These are staggering numbers which all the business should be aware of.
Declining broadband subscription prices, launch of 4G services has further accelerated the pace of eCommerce in the Country. This coupled with our Prime Minister dream of digital India is adding fuel to the whole cause. From buying apparels to accessories, jewellery to beauty products, groceries to furniture and many more the online sellers have been presented with unexpected growth opportunity.
With the penetration of digital services and the social media in the interiors of the country, Industry experts believes that eCommerce is still in the embryonic stage and has immense growth potential.