Future of Online Shopping in India

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Future of Online Shopping in India
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E-commerce is fast growing and it will reach many
people and locations including Rural. Most of the
shipping companies covering most of the locations
in country and the products will delivered to
most of the cities and towns.
Some Facts
In 2018 market value of the e-commerce industry
in India was approximately 55 billion U.S dollars.
Indian e-Commerce market is expected to reach 94
billion US by 2021.
55 Online Shoppers In India Spent Rs. 10000
India to Have 100M Online Shoppers And a USD 15B
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Future of online Shopping and E-commerce in India
We can't deny the fact that e-commerce has
entered in country and is here long to stay. Even
the small medium retailers of the country are
showing interest in this concept and ready to
make a fortune out of the market place concept.
Many online shopping websites like Amazon,
Flipkart, Yes Genie, Myntra, Snapdeal etc. are
already offering discounts on products to attract
customers, and this will be another added
advantage for the people to purchase it from
online.
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• How many people shop online in India

Online shoppers in India
Gender
2018 2025 Online shoppers in India reached 120
million in 2018 and are expected to reach 220
million by 2025.
Male (63), Female (37), age group (18 to 50)
with 71 respondents in the age group of (18 to
35).
63
37
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• Sector Composition

Top Online Product Categories
In terms of sector composition/product
categories, consumer interest on Google search
for apparels accessories emerged as the second
biggest product category after electronics.
As per the research, currently, there are 1-1.2
million transactions per day in e-commerce
retailing.
48.00
29.00
9.00
8.00
3.00
3.00
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• E-Commerce Market Size

85 bn
53 bn
35 bn
21 bn
2014
2015
2017
2020
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• The Future of Online Shopping in India

There are various factors that can influence the
state of e-commerce in India. Yet, online
marketers are positive about the future of
e-commerce in India.
In early stage online shopping was a simple
medium of shopping with fewer options like users
just place an order and pay cash on delivery.
But, in last few years this field has been
modernize to a high extent and consequently
fascinated many customers.
At present, the online shopping has become a
trend in India and the reason behind the adoption
of this technique lies in the attractive online
websites, user friendly interface, bulky online
stores with trending fashion, easy payment
methods, no bound on quantity and quality, items
selection based on size, color, price, etc.
Despite being a developing nation, India has
shown a notable increase in the ecommerce
industry in last couple of years, thus hitting
the market with a boom. However the Indian online
market is far behind the US and the UK, it has
been growing rapidly.
Moreover, addition of discounts, offers, coupons,
referral systems, 30days return policy, 1-7 days
delivery, etc. in online shopping and the
e-commerce market have added new flavors to the
industry.
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• Key factor for the growth of e-commerce in India?

Increasing broadband/Internet and 4G penetration.
Growing Living standards of middle class
community.
Busy lifestyles and lack of time for offline
shopping.
Availability of much wider product range then
retailers showroom.
Increased usage of online sites with more
consumer buying and selling products.
Expansion of the online marketplace model with
websites like Flipkart, Yes Genie, Snapdeal, etc.
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• Advantages of Online Shopping

The online marketplace has a website to showcase
different products and simple site navigation.
A buyer can purchase a product from these sites
using credit card, debit card, net banking, and
electronic wallet.
Buyers can compare different products and pick as
per his/her choice.
An online marketplace can be open 24x7, even on
public holidays, so we can shop products anytime.
There is no queue in the online shopping. You can
buy products in a few clicks and can save time.
You can avail big discount using discount
coupons, codes and deals. Not every retail outlet
offers a discount when you need it.
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Information Provided By
www.yesgenie.com
info_at_yesgenie.com
Sourcehttps//www.statista.com/ https//www.ibef
.org/industry/ecommerce/infographic https//www.sl
ideshare.net/MohanishGaikwad1/e-commerce-ecosystem
https//www.techprevue.com/online-shopping-advant
ages-future/