Home / Knowledge / News / Textiles / Internet user base in India to reach 500 mn by Jun: experts
Internet user base in India to reach 500 mn by Jun: experts
01
May '18
Internet user base in India to reach 500 mn by Jun: experts
The internet user base in India will reach 500 million by this June and by 2020, the country will have more than 700 million users of smart phones, the preferred device for online shopping by then, accounting for 70 per cent of total online shopping, experts said at the seventh edition of the India Internet Day conference in New Delhi last week.

The conference, organised by TiE Delhi-National Capital Region, a network of successful entrepreneurs and professionals, was attended by over 500, according to Indian media reports.

The Unified Payments Interface (UPI) clocked 178.05 million transactions worth ₹ 24,172.6 crore in March this year, said Dilip Asbe, managing director and CEO of the National payment Council of India (NPCI).

A recent report titled ‘Mobile Internet in India 2017’, published jointly by the Internet and Mobile Association of India (IAMAI) and KANTAR-IMRB, also said the number of mobile Internet users increased by 17.22 per cent from December 2016 to reach 456 million by December 2017 and is likely to reach 478 million by June this year.

There were 291 million urban mobile Internet users and 187 million rural users in the country as on December 2017, the report estimated.

It, however, predicted a slowdown in Internet penetration in urban India where 59 per cent penetration is already over. Growth is expected in rural areas which have witnessed just 18 per cent mobile Internet penetration. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

VF Corporation to split into two independent companies

Apparel/Garments | On 14th Aug 2018

VF Corporation to split into two independent companies

VF Corporation, a global leader in branded lifestyle apparel,...

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Urmil Arya

Sushila International, a well established textile organisation established ...

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search