This infographic is a part of the infographic series we try bringing to you every now and then. There are some interesting infographics in there related to India, technology, and startups. If you’ve a cool infograph to show us get in touch.
E-Commerce in India is on a boom. If you ask a school student to tell where he can buy a book – he won’t mention the nearby book-store but would name Flipkart. Earlier, it was tough finding people who bought things online in India, but now the trend has reversed. Professionals are seen buying gadgets, books, and even clothes online. Welcome to the start of a e-commerce boom in India.
While I am nobody to predict anything, but can say that e-commerce is going to be huge in India. The guys at Referral Candy came out with an interesting infographic depicting the e-commerce situation in India. Here are the fast facts about e-commerce in India. They’ve even tried comparing it to e-commerce in the US:
- E-Commerce in India is still small: 1/16th of that in the US
- India’s e-commerce potential is huge. The infographic shows that the market can be worth as much as $ 500 Billion.
- With time, India’s popualtion is surely going to become more affluent and is going to use online shopping for most of its needs.
- Amazon may come to India the next year. The market is so big, that every online retailer can survive and do business.
- Infact, it’s being predicted that an e-commerce company will become India’s biggest retailer in the year 2015.
- The current problems infront of the e-commerce indsutry are low internet penetration and usage, slow internet speed, low credit card penetration, and transport of goods to far-flung places.
Here’s the infographic:
Abhineet Kumar is the co-founder of Hungry N Foolish. A student of Business Administration, he is passionate about entrepreneurship and blogging. Abhineet urges you to do your bit in making this world a better place to live in, in your own small ways. Catch him on Twitter @abhineetsays.
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