It is a fact that a great shopping revolution is expected in India in the coming years. There is a huge purchasing power of a youth population aged 18-40 in the urban area. This great buyer potential has prompted for a huge international investment in India’s retail Sector. Western Gaints like Wal-mart, Tesco & Carrerfour will be launching their huge retail outlets in India soon. Negotiations are underway for a reliable partner.

It is expected to have around 400 malls, 2,200 supermarkets and nearly 350 departmental stores coming in the Indian urban area.

The growth in Indian Economy is unstoppable now. Consumer spending is multiplying in folds.

Growth of Online transactions in India

 
Info by : IAMAI

If you observe the growth of Indian online transactions from the above graph, it is getting doubled year by year.

The usage of internet in India is only 4% of the total population. This is also getting increased day by day as the cost of computers are decreasing and net penetration is increasing. The cost of internet usage is also getting lower, with good competition among the providers. Wifi & Wimax is also getting tested in Bangalore and other cities in India. This will increase the usage as it goes more on wireless internet.

Indians are proving everytime that they can beat the world when it comes to figures of online shopping. More and more Indians are going to online shopping and the frequency of India’s online buying is crossing the overall global averages.

Factors that boost online shopping in India :

• Rapid growth of cybercafes across India
• Access to Information
• The increase in number of computer users
• Reach to net services thru broadband
• Middle-class population with spending power is growing. There are about 200 million of middle-class population good spending power. These people have very little time to spend for shopping. Many of them have started to depend on internet to satisfy their shopping desires.

Online shopping benefits the users with the ability to compare deals across providers and choose the best possible offer by few clicks on your computer mouse. It also gives the buyer to get items that are not readily available in his proximities. Mostly things like latest models of cameras and electronic gadgets are readily available on online stores than on physical stores. Advantages to online shopping is that is not limited to its operational timings and geographical boundaries.
The figures from IAMAI shows that the internet users in India will grow to 100 million by 2007-08 (currently it’s about 40 million). Around 25% of regular shoppers in India are in the 18-25 age group, and 46% are in the 26-35-year range. Indian online matrimonial sector is worth around $200 million.

Worldwide e-commerce is only growing at the rate of 28%, since India being a younger market, the growth of e-commerce is expected at 51% in the coming years.

Inline with global trends finally India has also started shopping online these days. As per the study by IAMAI online shopping in India has rose from $11million in 1999-2000 to $58 million in 2003-04 and it is expected to rise above $522 million by end March 2007.

Did you know an Interesting fact about Indian consumers per a survey conducted by ACNielsen “32% of Indian’s consumers admit to shopping as entertainment, not necessity”

Indians are also “Shopaholics” like other Asians. There is a strong booming young adult population in India with good levels of disposable income.

Related links

• Pocahontas: American Indian Princess - SHOP.COM
• Internet in India " Facts and Figures about Indian Internet Consumers
• Indian hemp -- Encyclopaedia Britannica
• Map of Indian Ocean (ocean) - World Atlas - MSN Encarta