Online shoppers to surge from 25 million to 40 million by 2016

Online-shoppers

India’s online shoppers are set to rise from just about 25 million currently to about 40 million by 2016 on the back of rising usage of mobile internet, according to a study.

Despite the lowest mobile web users of just 12 per cent in the world, India’s online shoppers will rise from just about 25 million currently to about 40 million by 2016 on the back of rising usage of mobile internet, eTailing India study said here. In India, mobile web users are amongst the lowest in the world, and account for just about 12 percent as opposed to 47 percent for Israel and Japan, 43 percent for the US, 38 percent for China and UK, and more than 18 per cent for Mexico and Germany, it said. ”The mobile revolution will primarily be led by the fact that in terms of population demographics, India has a unique position as close to 90 percent of our online population is young and in between the age brackets of 25-44 years.

Also, while India’s population is 3 times that of the US, its e-commerce sales at $13 billion are just over 5 percent of that of the US. This shows the immense potential of eCommerce in India,” eTailing India Founder Ashish Jhalani said. e-commerce industry is skewed in favor of smaller cities and towns with about 40 percent sales coming from tier-I cities with tier-II and III accounting for the larger share of 60 percent. In terms of product categories, the industry is dominated by electronics, apparels and books, which together account for close to 80 percent of the total sales, followed by beauty and personal care products at 10 percent, home furnishings at 6 per cent, followed by other smaller categories.