GN Bureau | June 18, 2015
Despite having third-largest internet user base in the world, India’s retail e-commerce industry is 1/80th of China’s.
This was revealed in a report by eMarketer, a digital research firm.
India’s e-commerce sales in 2014 were $5.3 billion (Rs 31,800 crore), 1/80th the size of China’s $426.26 billion (Rs 2,557,760 crore) and 1/58th the size of the US’ $305.6 billion (Rs 1,833,900 crore), it said.
Interestingly, despite having third-largest internet user base in the world with 200 million internet users by the end of 2014, India is nowhere in the top 10 ecommerce markets in the world. And, only two out of 10 internet users shop online.
However, the retail e-commerce sales in India are expected to reach $17.5 billion (Rs 105,120 crore) by 2018, from $5.3 billion (Rs 31,800 crore) in 2014. The reasons centre on low internet reach, slow internet speeds outside the metropolitan cities and poor customer services.
READ more from the report
Becoming Gandhi: Living the Mahatma`s 6 Moral Truths in Immoral Times By Perry Garfinkel Simon & Schuster India, 264 pages, Rs 699
I Am an Ordinary Man: India’s Struggle for Freedom (1914–1948) Edited by Gopalkrishna Gandhi Aleph, 456 pages, Rs 999
Selected Works of C. Rajagopalachari: Vol. VIII, 1946–48 By Ravi K. Mishra and Narendra Shukla (Editors) Orient BlackSwan, 460 pages, Rs 2,575
On the occasion of the birth anniversary of Mahatma Gandhi, renowned academic publishers Sage have opened access to many notable articles and essays on the Father of the Nation. Here we reproduce an excerpt from one of them, well-known historian Amar Farooqui’s highly original and detailed article in
Union Minister for Education and Skill Development & Entrepreneurship Dharmendra Pradhan Saturday launched the Bharatiya Bhasha Utsav and inaugurated the two-day Technology & Bharatiya Bhasha Summit in New Delhi. The summit aims to facilitate a seamless transition from the current education ecosyst
India has retained the 40th rank out of 132 economies in the Global Innovation Index 2023 rankings published by the World Intellectual Property Organization. India has been on a rising trajectory, over the past several years in the Global Innovation Index (GII), from a rank of 81 in 2015 to 40 in 2023. Inn