Indias online sales to grow by 540 percent in 4 years
Posted on: 22/Nov/2016 2:36:57 PM
Morgan Stanley, a global financial services firm and a market leader in securities has stated that online sales will increase by 540 percent in four years down the line. Out of the total Indian population, 28 percent of them are youngsters. All of them are promising to make more online purchases which will certainly serve as the backbone to rapid growth in online sales, states one of the officials from Morgan Stanley.
The financial services firm further stated that the two main reasons for expecting such growth in the Indian market is wide-spreading use of internet all over the country and acceptance of online shopping by Indians.
The income of a youngster in these days is $2,400 approximately and that of those aging above 45 is $2,150 as of the year 2015. There are enormous opportunities for the technology to reach people all over the country. Further, there are many youngsters who show interest in online shopping. Globally, India holds a vast ecommerce market. Annually, over 10 crore smartphones get sold online. These ten crore smartphone shoppers are those who have made online purchases earlier which means there is a new addition of 10 crore customers online.
