12-20-2005, 08:56 AM
Ecommerce growing rapidly in India:
full article: http://www.business-standard.com/common/...p?hpFlag=Y&chklogin=N&autono=209060&leftnm=lmnu4&leftindx=4&lselect=0
Quote:...online shopping is now prevalent in nearly 2,000 towns and cities (including tier-II cities like Surat, Ankleshwar, Sholapur, Kottayam, Faridabad and Bhopal). Maharashtra tops the list with Kerala yet to pick up.
Recent Internet and Mobile Association of India (IAMAI) figures clearly show that e-commerce has come of age in the country. IAMAI estimates the size of the Indian ecommerce market will touch Rs 2,300 crore (around 10 per cent of the organised Indian retail market) by 2006-2007 a 95 per cent rise over last years figures of Rs 1,180 crore and an over-300 per cent rise over the figures of 2004-05.
...netizens do a lot of online research and cyber window-shopping even if they buy offline, notes Desai. The Indian middle-class of 288 million is equivalent to the entire American consumer base. This makes India a real attractive market for e-commerce.
...IDC has pegged the e-commerce population to be around 16-18 per cent of the total Internet population in the country, which translates into roughly 6.5 million transacting users.
full article: http://www.business-standard.com/common/...p?hpFlag=Y&chklogin=N&autono=209060&leftnm=lmnu4&leftindx=4&lselect=0