E-commerce sure of more revenue this financial year: "E-commerce sure of more revenue this financial year
CORPORATE BUREAU
Posted online: Wednesday, June 20, 2007 at 0000 hours IST
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NEW DELHI, JUN 19: The use of the Internet for shopping has become extremely popular, especially in the metros where the use of the world wide web is the maximum. The e-shopping industry is projected to reap revenue of Rs 5,500 crore this year with an expected growth rate of 150% against Rs 2,200 crore in 2006-07, according to the Associated Chambers of Commerce and Industry of India (Assocham).
Consumers in Delhi and Mumbai are prone to e-shopping than other metros with Delhi e-shoppers share projected to go beyond 30% as against 20% last year.
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Mumbai's share was 24% with maximum e-shopping taking place in electronic gadgets, apparel and design purchases, railways, air and movie tickets. The number in percentage increase for e-shoppers in 2007-08 would touch at least 40% in case of Mumbai. Products that will gain popularity in e-sale could include gems and jewellery, online books sale, accessories, apparel, gift products, music and movies, hotel room besides tickets for transportation.
Changing lifestyles, high per capita income leading to consumers turning shop-a-holics, yearn for "
Thursday, June 21, 2007
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