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%.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now