Home / Knowledge / News / Apparel/Garments / Indian e-commerce to touch Rs 2.1 trillion by Dec '16
Indian e-commerce to touch Rs 2.1 trillion by Dec '16
10
Jun '16
India's e-commerce market is growing at a breakneck speed. The market that was valued at Rs.1.2 trillion at the end of December 2015 will touch Rs.2.1 trillion by December 2016, according to the Digital Commerce Report 2015, by the Internet and Mobile Association of India (IAMAI) and IMRB International.

Between December 2011 and December 2015, the market has grown at a compound annual growth rate (CAGR) of 30 per cent.

Travel which accounts for 61 per cent of this. It will grow by around 40 per cent to touch Rs.1.2 trillion by the end of 2016, the report said. This includes air, train, and bus-tickets booked online, as well as hotel rooms booked online.

E-tailing (including apparel and footwear) will grow 57 per cent over 2015 to become a Rs.72,639 crore business this year, the report said.

The sales in this apparel and footwear segment recorded a 52 per cent Y-o-Y growth from Rs 4,699 crore in December 2014 to Rs 7,142 crore in December 2015.

Financial services (Rs.5231 crore, a CAGR of 17 per cent since 2012) and other online services such as booking movie tickets, food-tech, and cab aggregators (Rs.5,207 crore, a CAGR of 36 per cent) account for the rest. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search