That’s strong growth, the group says in its new white paper, from the estimated $2.5 billion spent by Indian e-shoppers in 2009. It’s claimed that the expenditure could hit $56 billion by 2023. Here are the annual stats we have in chart form:
Hot in Mumbai
While the $16 billion figure seems small for a nation of over 1.2 billion, the e-shopping stat should be weighed up against its realistic, addressable market – the 150 million or more internet users that there are now in India.There’s a lot more room for growth in India as more people come online and as the middle class grows. For example, China’s e-commerce expenditure will top an estimated $265 billion in 2013 thanks to the country’s half-billion-plus netizens.
Here are more factoids from the ASSOCHAM paper:
Top cities for e-shopping
This is based on the number of e-commerce users:
- Mumbai
- Delhi
- Kolkata
- 35 percent of regular shoppers are in 18 to 25 age group
- 55 percent are 26 to 35
- 8 percent are 36 to 45
- 2 percent are 45 to 50
The paper also revealed the top 10 online stores in the country, which are a mix of conventional e-commerce, food, and online coupons. But ASSOCHAM doesn’t specify if this is judged by user-base or revenue, so it’s best taken with a pinch of salt for now.
- Flipkart
- eBay India
- Snapdeal
- Amazon India
- Myntra
- Shopclues
- Dominos
- Freecharge
- Jabong
- Tradus
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