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India’s eCommerce market, which was at 2.5 billion in 2009, reached $8.5 billion in 2012 and now it is estimated to reach $20 billion by the end of 2015. The survey also estimates that the country’s eCommerce market to reach $56 billion by 2023, driven by rising online retail.
These online resources for shopping have become even more popular because of the tons of benefits they are offering. These resources are not only advantageous to promote your business but it also acts as an effective medium of social interaction and staying alive in the competitive market. E-commerce seems to be considered as the foreseeable future of shopping worldwide. The rapid growth of the internet culture and an increasing preference for shopping online have driven the online shopping segment to new heights.
The base of the online shopper is estimated to grow 3X by 2016 and more than 50 million buyers are expected to come from tier I and II cities. The trustto shop online is on the rise as 71% of non-buyers from the tier I and II cities said they plan to shop online in the next 12 months, as stated by Google’s Managing Director, Rajan Anandan.
These figures speak for themselves that eCommerce has got the nerve of online buyers and has drawn some serious interest in itself. With the trustworthiness and effective services, the online shopping media continues to mesmerize by creating better and bigger grounds for settlement in the Indian economy.
India being a growing economy has turned out to be a great establishing platform for the newly introduced element of online shopping. In a short period, Amazon has made enormous growth in their sales and profits in 2 years of entering into the e-commerce zone in India. Some of the great features of online shopping like cash on delivery (COD), fastest delivery, and 30 days return policy, give shoppers a superior shopping experience. Such eCommerce resources offer a wide range of things from skincare to sports utilities and apparel to electronics, therefore a shopper can buy anything from these portals, I mean anything.
The most advantageous thing about the use of these websites is that it does not require a significant amount of time which is quite important for many shoppers. In addition to this, reviews of the products are also available for the consumer. These additional facilities not only help shoppers choose the product but also give them a go-through of the merchandise they have looked ahead to buy. Online shopping carts have toppled the entire world of shopping culture and have established real trust and fame in the market. With the very same rate of growth in the eCommerce section in India, it is considered that by 2016 the responders will probably be three times as of now. This sector has blossomed as a fresh and successful capital investment option for businesses. With great demand, these resources will continue to grow and sprout all over the world.
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