Online retail industry to touch Rs 7,000cr by 2015: ASSOCHAM

India set to become third largest nation of internet users in the next two years

PTI | July 4, 2011



The online retail industry in India is likely to be worth Rs 7,000-crore by 2015, due to easy availability of broadband services and increasing internet penetration, according Associated Chambers of Commerce and Industry of India.

India is set to become the third largest nation of internet users in the next two years with a large chunk of youngsters eager to adopt new technologies with rapidly changing lifestyles, the industry body said.

"A booming economy and rising disposable incomes have contributed to the evolution of online shopping," ASSOCHAM Secretary General D S Rawat said.

The buying-selling trends from leading online shopping portals indicated that online retail market currently stands at Rs 2,000 crore and is growing at a steady annual rate of 35 per cent.

The survey conducted by ASSOCHAM, between January to June across 10 cities, in which 5,000 shoppers were interviewed, revealed that most online shoppers used 
internet to evaluate options by gathering information on available products and prices or buy low-value items like gift products, but opted for final transactions at the traditional retail outlets.

"But now the trend is changing fast. Leading companies have gauged the potential of online retail industry and are gearing up fast to cash-in," said Rawat.

About 40 per cent of respondents said they preferred to shop online for convenience it offered and also to collect detailed product information.
 

Comments

 

Other News

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Cabinet approves viability gap funding to develop grid-scale energy storage systems

The Union Cabinet, chaired by PM Narendra Modi, has approved the Viability Gap Funding (VGF) Scheme for Development of Grid-Scale Energy Storage Systems, with a total financial support of Rs.14,500 crore for the period FY 2026-27 to FY 2030-31. The scheme aims to support the development o

Cabinet creates a pathway to absorb Agniveers in Defence Forces

An objective assessment in terms of organisational requirements and operational efficiency has brought out the outstanding performance of Agniveers in terms of skills, motivation levels, physical fitness and technological prowess. As envisaged earlier, based on merit, 25% of Agniveers will be offered reg

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter