The growth of ecommerce in India 2015 continues its bound with triple digit growth - Chitrangana

The Indian e-commerce continues to post triple digit growth in the year 2015-2016, according to Chitrangana, India's leading eCommerce consultancy firm and the consultancy assume it's just begin of eCommerce retail in India.
By: -India's No.1 eCommerce Consultant
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eCommerce growth in india
eCommerce growth in india
July 23, 2015 - PRLog -- The leading eCommerce consultancy company of India claimed the continued bound of the eCommerce retail industry including B2B and B2C in 2015 by triple digits between 110% to 145% in Fy 2015-16, said The company last year commented double-digit growth for Fy 2014-15 and various industry reports later claim same the growth between 40% to 47% for the last year.

Mr. Nitin Lodha, an eCommerce consultant mentioned, “We found there is negative fall in Indian offline retail business due to cash crunch in market including various other aspects, but the eCommerce retail is getting more new consumers every day, which is adding a big boom growth in overall market. The continuous growth in internet reach and mobile internet adding a big customer base for the industry.

The team of eCommerce consultant at Chitrangana said, the eCommerce in India will be the world's biggest marketing by 2020 if the growth and adoption cycle of the Indian consumer is compared with other countries like USA and China. The same can be explained by the recent update by Amazon to put $5 billion expansion fund for India. Many international eCommerce giants of U.S. are now considering India as world's largest eCommerce market in near 7-10 years.

The growth also indicates the need of thousands of eCommerce sites, specialise eCommerce stores and transformation of Indian service industry via eCommerce. As per the study, India has minimum 5 small scale retailers per thousand population and about 1 medium scale retailer per thousand population, whereas the country right now has very few eCommerce retailers.

As India is the market of small cities, towns and villages, the expected the huge demand of regional and local level of eCommerce sites. The eCommerce consulting company said it is now also a good time to transform every organised or unorganised sector service industry to eCommerce, it assumed the add-on of eCommerce technology for service sector will allow new startups to begin the business at very low capital investments. The startups now more look for service sector eCommerce project by making dedicated technology platform for various sectors. It will help new startups begin the successful eCommerce business at ultra low-cost investment, the team of consultant at has prepared various service sector models and now days advising to startups according to their interest and experience.

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Tags:Ecommerce Growth, Ecommerce In India, eCommerce consultant,, Ecommerce 2015, Ecommerce Startup, Begin Ecommerce, Ecommerce Idea
Industry:Business, Internet, Retail
Location:Delhi - India
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Page Updated Last on: Jul 23, 2015

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