FOR IMMEDIATE RELEASE

Mumbai, India (June 06, 2015) - E-commerce is surging in India by 45% growth every year, but Chitrangana, India’s popular eCommerce consulting and research firm, expecting more larger vision by 2020. The consulting firm expecting the India will be world’s biggest eCommerce market by the end of 2020.

The increase of mobile internet, increase of India’s GDP, continuous falling sales in physical stores, increase of population in India, and overall earning of Indian will make the India, world’s biggest eCommerce market by the end of 2020. Small retailers to the big retail chain, everyone are expected in 2015 to sell online. The growth of retail sales is planned across India at the triple-digit in upcoming 5 years. India may expect the big boost of sales from small towns, district places, and even villages. Right now there are no online portal access the delivery of product to town level, only Amazon India deliver the product up to Rs. 5000 to almost every pin code of India. The consulting firm chitrangana.com said it is good time for startup to look business from district places, towns and villages as well because the 30% search query for online shopping are coming from these small cities where the delivery of products is not available, company also said 35% customer are not able to shop online due to unavailability of products in growing cities also.

The young and experienced eCommerce consultant Mr. Nitin Lodha says, the demand of online shopping in Indian by year 2020 will be 15 times more than the current, the present eCommerce companies infrastructure is not able to handle the traffic and order delivery. The country, presently has only 150 active site where the demand needs almost 7000 online retailer to cater consumers demand.

Chitrangana.com said, the speed at which the India’s e-commerce industry has grown, and the way in which it is affecting businesses and consumers has come as a surprise to many: by the end of 2016, India will lead all other countries in B2C and C2C purchases. Nitin Lodha, Senior consultant at chitrangana.com and venture capitalist, was recently quoted as saying: “in other countries, e-commerce is about few billion order per day, but in India it will be equivalent to total GDP many developed countries” , and that is reason every big retail brand is looking toward Indian eCommerce industry, it is good for new startup that govt the policy is protecting the market from direct FDI involvement.

Essentially, India’s large and growing middle-class will become accustomed to making frequent e-commerce purchases by 2016. Furthermore, as in many longer-standing e-commerce markets, they are also developing online shopping awareness, Said Mr. Jayesh Shah, Head of eCommerce at chitrangana.com. He mentioned, In 2014, mobile transactions totaled 15% of total eCommerce business, whereas the start of 2015 received quick dumb by 150% in mobile transaction and at April 2015 mobile eCommerce transactions are reached 37.5% of total eCommerce business the country.

“It is also important to devise strategies that not only cater to the needs of tier-1,2 consumers, but also those in other locations: these are important and growing markets for many businesses, but there purchasing behaviours are not uniform” - Said Nitin Lodha, an eCommerce consultant and angel investor.

Media Contact:
Binnoy Jacob
Chitrangana.com - An eCommerce Consulting
[email protected]
Or +91 9406673501
Website: http://www.chitrangana.com

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