No of users transacting online to be 39 million by '15: study

Presently, about 8-10 million people in India transact online

PTI | November 28, 2011



As Internet penetration is increasing and e-commerce becoming more secure, the number of people transacting online is expected to touch 39 million by 2015, says a study.

According to the study by financial services firm Avendus, this will also provide a further fillip to the Indian e-commerce market which is estimated to grow to USD 24 billion by 2015 from USD 6.3 billion now.

At present, about 8-10 million people in India transact online, which is about 11 per cent of the 80 million Internet users in the country, which represents a penetration of seven per cent of the population and 17 per cent of the urban population, says the study titled 'Indian Digital Consumer Industry'.

The number of transacting users in the US was 170 million in 2010, comprising of 69 per cent of the overall Internet users there. This number has been growing at eight per cent for the last six years. In India, a large part of the transaction takes place on travel-related sites, it said.

"The number of unique users transacting on travel sites (only) are estimated to be around 6-7 million and for non-travel ecommerce sites is around 2-3 million today," it said. In India, online travel revenues are dominated by ticket bookings, with air and TRAIn bookings accounting for close to 90 per cent of the segment's revenues. Bus travel, hotels and tour packages have been slower to evolve but are now growing rapidly.

"The online travel market is estimated at Rs 24,900 crore (USD 5.5 billion) in 2011. This makes India one of the most lucrative markets for online travel," the study said.

While 57 per cent of the online travel revenue came from air travel, TRAIn and hotel packages contributes 37 per cent and five per cent, respectively, in 2010-11. The remaining one per cent was from bus bookings.

Online travel is expected to grow at 22 per cent to reach Rs 54,800 crore by 2015, it added. Online TRAIn ticket bookings are estimated to be around Rs 8,000 crore (USD 1.8 billion) in 2010-11, accounting for around 32 per cent of the overall ticket bookings.

Comments

 

Other News

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter