USD 12 billion for online retail in India by 2016

Wednesday 26 February 2014 00:01 CET | News

The Indian online retail market will have reached a market share of USD 12 billion (rs 50,000 cr) by 2016. This amounts to a 30 fold increase compared to 2008, according to forecasts released by Crisil, a global analytical company providing ratings, research and risk and policy advisory services.

The industry’s profit jumped from rs 1500 cr in 2007-08 to nearly USD 3.1 billion (Rs 13,900 crore) in 2012-13 – or a compounded annual growth rate of 56%.

Chairperson of Industry Research, Rahul Prithiani, claims that organized online retailing will increase to around 18% in 2016 from nearly 8% as of now. In the US and the UK, the share of online retail is around 9-10%.

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Keywords: Crisil, India, online retail, report, organized online retail
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce