India: ecommerce market to register significant growth in 2014

Tuesday 20 May 2014 00:40 CET | News

Indian ecommerce market is expected to take off in 2014 due to extended internet penetration, increase in trust level and pricing advantage, according to data from the Internet and Mobile Association of India (IAMAI).

According to IAMAI VP Nilotpal Chakravarti, internet growing penetration, convenient shipping and pricing of items, everything taking place around the clock, will boost the business.

Results also indicate that the digital commerce market grew by 33% to USD 11.6 billion (Rs 62,967 Cr) in 2013 as against USD 8.7 billion (Rs 47,349 Cr) during the corresponding period of 2012.

Of the total digital commerce business in 2013, travel business accounted for 71% valued at USD 8.4 billion (Rs 44,907 Cr).

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Keywords: India, ecommerce, growth, internet penetration, pricing advantage, convenient shipping, travel business
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce