E-commerce In India: Unlimited Opportunity

India’s e-commerce industry is transforming to the next era of transformation. It is like who can take maximum attention of the prospective buyer by using various technology tools. The war is between two super powers – USA and China and among Amazon, Alibaba and Walmart. To make the shopping experience more convenient, brick and mortar developers are focusing on enhancing the convenience of shopping centre automate mode. Experts say that India is poised to become one of the largest and fastest e-commerce growth markets in the next decade. The Government of India is also supporting this growth wave by permitting foreign retailers to own stakes of as much as 51% in multi-brand retail ventures, after securing government approval.

The online retail sector is expected to grow at 30% a year to reach a gross merchandise value of $200bn by 2026. With 1.3 billion population, India sees a rapid growth of internet users, with 430 million people in India having access to the internet, which is a third of the South Asian country’s population. It is the most promising market in the globe and no one wants to miss the bus.

India’s retail boom is being driven by resurgence in the economy. Modern retail still has around 6% share of the total retail spend in the country that is estimated at around US $400 billion. Thus, the potential for modern retail growth in India is huge. Currently, leading retailers in mature markets occupy the top three slots by turnover, employment and value creation. As the Indian economy matures, it is upon us to make the same happen in our country....Read More