Online Retail Sales in India Projected Grow Through Spread of Internet Connectivity by Smartphone
While online retail’s share of total retail sales in India currently lags the percentages seen in mature markets, that share is projected to rise rapidly to a low double digit figure by the middle of the next decade. As this year began, less than half of the population of India could connect to the Internet, and connections were often sporadic. Projections cited in the publication signal an Internet penetration rate of over 60% by 2026, with much of the growth attributed to smartphone expansion and increased connectivity in second-tier cities and rural areas. With this expansion, most online shopping in India will be done through smartphone.
Online merchants Amazon and Flipkart dominate digital retail in India
Global online sales giant Amazon led sales in India in 2018, but Flipkart was close behind, and forecasts included in the report suggest that Walmart-owned Flipkart will be the leader within five years. Both companies are investing heavily in India in an effort to capture a greater online market share of online shoppers in the world’s second most populous nation.
Key Questions Answered
- How does the B2C E-Commerce market in India rank compared to other countries in Asia-Pacific and worldwide?
- What projections are made for online retail sales in India through 2023 and beyond?
- Which product categories do online shoppers in India buy the most?
- How does the development of B2C E-Commerce vary between urban and rural India?
- Who are the leading companies by gross E-Commerce sales in Indian B2C E-Commerce?
Table of Contents
1. Management Summary
Samples
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Companies Mentioned
A selection of companies mentioned in this report includes:
- Alibaba Group Holding Ltd
- Amazon Seller Services Pvt. Ltd.
- Flipkart Online Services Pvt. Ltd.
- Foodpanda GmbH
- Ola Electric Mobility Pvt Ltd
- One Mobikwik Systems Pvt. Ltd.
- Paytm Mobile Solutions Pvt. Ltd.
- Payzapp
- PhonePe Internet Pvt Ltd
- Uber Inc.
- Walmart Inc.
Methodology
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