VHjD76rJPFUdrLp9aMufj6CAZXIPFT
eCommerce

eCommerce In India – On the Exponential Growth Trajectory!

4 min read By: Shivi Rao

8 April, 2015

eCommerce-In-India-On-the-Exponential-Growth-Trajectory

Overview

Certain marketplaces worldwide have shown an interesting and booming trend when it comes to eCommerce. The associated countries are now leading the way in this industry. eCommerce certainly has been growing in India, and although eCommerce penetration is lower compared to countries such as the US and the UK, the growth of eCommerce is several times more the amount than it what it was worth in 2009. It is estimated that the industry will reach fascinating levels in the not too distant future.

India – The fastest growing eCommerce market

Many industry watchers and professionals have been predicting this trend since quite some time. The country is all set to become the fastest growing eCommerce market by current projections. Consider this:

Internet users in India have gone up from 50 million in 2007 to 300 million in 2014. In 2014, smart-phone shipments doubled to 80 million compared to the year before. Another reputed firm Morgan Stanley expects that the size of the Internet Market to rise from $11 billion in 2013 to around $137 billion by 2020.

This indicates a compounded annual growth rate (CAGR) of around 43 percent. At the same time, revenues are expected to grow from $2.9 bn in 2013 to over $100 bn by 2020. This will make India the fastest growing eCommerce market in the world.

How things have progressed

In the first decade of this century, rapid internet activity was witnessed in India. By the end of 2014, there were around 243 million users, along with 185 active mobile internet users. The eCommerce trend then became irreversible since these early times, when Baazee was acquired by eBay in 2004.

The game changer in eCommerce occurred, when cash on delivery was introduced. Further improvements were made in the eCommerce model peculiar to India, and the marketplace model was first introduced in the eCommerce market place by Snapdeal – a major Indian eCommerce player. Since then, sales picked up especially after fast delivery was introduced.

Demand is rising by the day because technology has made it the easiest way to shop online. Unlimited choices are now being offered by the marketplace, and the the chaotic road traffic that is witnessed every day on Indian streets is taking the fun out of brick and mortar shopping.

Presently, Flipkart being the largest Indian player at the moment, being valued at around $ 7 Billion, it is followed by other eCommerce companies such as Snapdeal ($2 Bn), Zomato ($660 Mn), Jabong($500 Mn) , Paytm ($400 Mn) and Myntra ($200 Mn).

Additionally, the number of mobile subscribers in India has jumped from 261 million in 2007-08 to 910 million in 2013-2014. Accordingly, the internet penetration is also soaring in the rural as well as urban India as described initially.

Today, In India, it has been observed, that even uneducated people are accessing the Internet, it can be said that the proliferation of knowledge using digital technologies appears exponential, whereas comparatively the use of traditional options for knowledge accumulation such as education could be linear. At India’s GDP pegged at 6.4%, by the IMF as well as the World Bank, the eCommerce industry is only expected to grow rapidly with access to finds within the country and international visitors as well. If you’re searching for the best Magento development company to develop your feature-rich eCommerce store, then you’re at the right place.

If you want to tap the rising eCommerce wave in the country and want to establish your own eCommerce store tapping India and other emerging world economies, why not talk to us! We are an established eCommerce agency with enough knowledge in eCommerce and related technologies accumulated since over a decade, to help you overcome and win the eCommerce marketplace for you.

eCommerce businessecommerce growtheCommerce Market in India

Shivi Rao is a content marketer with Krish. She has worked in various industries spanning technology, science, rural marketing, startups & unicorns, eCommerce business, and digital marketing, believing that content is the foundation to facilitate the visibility of any organization and ensuring her words do the same. In her free time, you can either find her lifting weights in the gym or feeding the strays.

Trusted by leading brands

Ready to redefine digital experience?

Be it the Americas, EMEA, or APAC - our regional experts are available to offer solutions tailored to your needs.
Get in touch!

  • By submitting this form you agree with the terms and privacy policy of Krish.


    Let's Get Started


    • By submitting this form you agree with the terms and privacy policy of Krish

      Meet us at the !

      • By clicking “Submit”, you consent to allow us to send you communications.

        Talk to us!


        • By submitting this form you agree with the terms and privacy policy of Krish

          Schedule A Meeting


            • Schedule Date

            • 2 November3 November


          • By submitting this form you agree with the terms and privacy policy of Krish

            Schedule a Call


            • By submitting this form you agree with the terms and privacy policy of Krish

              Schedule a Call


              • By submitting this form you agree with the terms and privacy policy of Krish

                Schedule a Call


                • By submitting this form you agree with the terms and privacy policy of Krish

                  Schedule a Call


                  • By submitting this form you agree with the terms and privacy policy of Krish

                    Schedule a Call


                    • By submitting this form you agree with the terms and privacy policy of Krish

                      Schedule a Call


                      • By submitting this form you agree with the terms and privacy policy of Krish

                        Schedule a 30 Mins No-Obligation Consulting Session


                        • By submitting this form you agree with the terms and privacy policy of Krish

                          Schedule a 30 Mins No-Obligation Consulting Session


                          • By submitting this form you agree with the terms and privacy policy of Krish

                            Schedule a 30 Mins No-Obligation Consulting Session


                            • By submitting this form you agree with the terms and privacy policy of Krish

                              Schedule a 30 Mins No-Obligation Consulting Session


                              • By submitting this form you agree with the terms and privacy policy of Krish

                                Schedule a 30 Mins No-Obligation Consulting Session


                                • By submitting this form you agree with the terms and privacy policy of Krish

                                  Schedule a 30 Mins No-Obligation Consulting Session


                                  • By submitting this form you agree with the terms and privacy policy of Krish

                                    Schedule a 30 Mins No-Obligation Consulting Session


                                    • By submitting this form you agree with the terms and privacy policy of Krish

                                      Schedule a 30 Mins No-Obligation Consulting Session


                                      • By submitting this form you agree with the terms and privacy policy of Krish

                                        Let's Get Started


                                        • By submitting this form you agree with the terms and privacy policy of Krish.

                                          Schedule A Demo

                                            • Select Accelerator Type

                                            • B2BB2CMarketplace


                                          • By clicking “Submit”, you consent to allow us to send you communications.

                                              Download Corporate Profile

                                              Please fill out the form below to download.

                                              • By submitting this form you agree with the terms and privacy policy of Krish.

                                              Let's Talk


                                              • By clicking “Submit”, you consent to allow us to send you communications.

                                                Let's Talk


                                                • By clicking “Submit”, you consent to allow us to send you communications.

                                                  Adobe Commerce Feature List

                                                    Please fill out the form below to download the feature list.


                                                    By submitting this form you agree with the terms and privacy policy of Krish.

                                                  • Let's Talk Growth



                                                    • By submitting this form you agree with the terms and privacy policy of Krish

                                                      commercetools Feature List

                                                        Please fill out the form below to download the feature list.


                                                        By submitting this form you agree with the terms and privacy policy of Krish.

                                                      • Let's Talk Growth!


                                                        • By submitting this form you agree with the terms and privacy policy of Krish

                                                          Claim Your Audit Now!


                                                          • By submitting this form you agree with the terms and privacy policy of Krish

                                                            Claim Your Audit Now!


                                                            • By submitting this form you agree with the terms and privacy policy of Krish.

                                                              Let's Get Started

                                                              • By submitting this form you agree with the terms and privacy policy of Krish.

                                                                Unlock the Full Potential of Magento.
                                                                Talk to our eCommerce expert today!


                                                                • By submitting this form you agree with the terms and privacy policy of Krish.

                                                                  Migrate to Magento to Experience Limitless Commerce. Talk to Our eCommerce Experts Today!


                                                                  • By submitting this form you agree with the terms and privacy policy of Krish.

                                                                    Get Certified Magento Experts for Your Adobe Commerce Support Needs. Talk to Our eCommerce Experts Today!


                                                                    • By submitting this form you agree with the terms and privacy policy of Krish.

                                                                      Scale High with Award-winning Adobe Commerce Gold Solution Partner Agency. Talk to Our eCommerce Experts Today!


                                                                      • By submitting this form you agree with the terms and privacy policy of Krish.

                                                                        Scale High with Award-winning Magento Solution Partner Agency. Talk to Our eCommerce Experts Today!


                                                                        • By submitting this form you agree with the terms and privacy policy of Krish.

                                                                          June
                                                                          January
                                                                          February
                                                                          March
                                                                          April
                                                                          May
                                                                          June
                                                                          July
                                                                          August
                                                                          September
                                                                          October
                                                                          November
                                                                          December
                                                                          2025
                                                                          1900
                                                                          1901
                                                                          1902
                                                                          1903
                                                                          1904
                                                                          1905
                                                                          1906
                                                                          1907
                                                                          1908
                                                                          1909
                                                                          1910
                                                                          1911
                                                                          1912
                                                                          1913
                                                                          1914
                                                                          1915
                                                                          1916
                                                                          1917
                                                                          1918
                                                                          1919
                                                                          1920
                                                                          1921
                                                                          1922
                                                                          1923
                                                                          1924
                                                                          1925
                                                                          1926
                                                                          1927
                                                                          1928
                                                                          1929
                                                                          1930
                                                                          1931
                                                                          1932
                                                                          1933
                                                                          1934
                                                                          1935
                                                                          1936
                                                                          1937
                                                                          1938
                                                                          1939
                                                                          1940
                                                                          1941
                                                                          1942
                                                                          1943
                                                                          1944
                                                                          1945
                                                                          1946
                                                                          1947
                                                                          1948
                                                                          1949
                                                                          1950
                                                                          1951
                                                                          1952
                                                                          1953
                                                                          1954
                                                                          1955
                                                                          1956
                                                                          1957
                                                                          1958
                                                                          1959
                                                                          1960
                                                                          1961
                                                                          1962
                                                                          1963
                                                                          1964
                                                                          1965
                                                                          1966
                                                                          1967
                                                                          1968
                                                                          1969
                                                                          1970
                                                                          1971
                                                                          1972
                                                                          1973
                                                                          1974
                                                                          1975
                                                                          1976
                                                                          1977
                                                                          1978
                                                                          1979
                                                                          1980
                                                                          1981
                                                                          1982
                                                                          1983
                                                                          1984
                                                                          1985
                                                                          1986
                                                                          1987
                                                                          1988
                                                                          1989
                                                                          1990
                                                                          1991
                                                                          1992
                                                                          1993
                                                                          1994
                                                                          1995
                                                                          1996
                                                                          1997
                                                                          1998
                                                                          1999
                                                                          2000
                                                                          2001
                                                                          2002
                                                                          2003
                                                                          2004
                                                                          2005
                                                                          2006
                                                                          2007
                                                                          2008
                                                                          2009
                                                                          2010
                                                                          2011
                                                                          2012
                                                                          2013
                                                                          2014
                                                                          2015
                                                                          2016
                                                                          2017
                                                                          2018
                                                                          2019
                                                                          2020
                                                                          2021
                                                                          2022
                                                                          2023
                                                                          2024
                                                                          2025
                                                                          2026
                                                                          2027
                                                                          2028
                                                                          2029
                                                                          2030
                                                                          2031
                                                                          2032
                                                                          2033
                                                                          2034
                                                                          2035
                                                                          2036
                                                                          2037
                                                                          2038
                                                                          2039
                                                                          2040
                                                                          2041
                                                                          2042
                                                                          2043
                                                                          2044
                                                                          2045
                                                                          2046
                                                                          2047
                                                                          2048
                                                                          2049
                                                                          2050
                                                                          MonTueWedThuFriSatSun
                                                                          26
                                                                          27
                                                                          28
                                                                          29
                                                                          30
                                                                          31
                                                                          1
                                                                          2
                                                                          3
                                                                          4
                                                                          5
                                                                          6
                                                                          7
                                                                          8
                                                                          9
                                                                          10
                                                                          11
                                                                          12
                                                                          13
                                                                          14
                                                                          15
                                                                          16
                                                                          17
                                                                          18
                                                                          19
                                                                          20
                                                                          21
                                                                          22
                                                                          23
                                                                          24
                                                                          25
                                                                          26
                                                                          27
                                                                          28
                                                                          29
                                                                          30
                                                                          1
                                                                          2
                                                                          3
                                                                          4
                                                                          5
                                                                          6
                                                                          00:00
                                                                          01:00
                                                                          02:00
                                                                          03:00
                                                                          04:00
                                                                          05:00
                                                                          06:00
                                                                          07:00
                                                                          08:00
                                                                          09:00
                                                                          10:00
                                                                          11:00
                                                                          12:00
                                                                          13:00
                                                                          14:00
                                                                          15:00
                                                                          16:00
                                                                          17:00
                                                                          18:00
                                                                          19:00
                                                                          20:00
                                                                          21:00
                                                                          22:00
                                                                          23:00
                                                                          June
                                                                          January
                                                                          February
                                                                          March
                                                                          April
                                                                          May
                                                                          June
                                                                          July
                                                                          August
                                                                          September
                                                                          October
                                                                          November
                                                                          December
                                                                          2025
                                                                          1950
                                                                          1951
                                                                          1952
                                                                          1953
                                                                          1954
                                                                          1955
                                                                          1956
                                                                          1957
                                                                          1958
                                                                          1959
                                                                          1960
                                                                          1961
                                                                          1962
                                                                          1963
                                                                          1964
                                                                          1965
                                                                          1966
                                                                          1967
                                                                          1968
                                                                          1969
                                                                          1970
                                                                          1971
                                                                          1972
                                                                          1973
                                                                          1974
                                                                          1975
                                                                          1976
                                                                          1977
                                                                          1978
                                                                          1979
                                                                          1980
                                                                          1981
                                                                          1982
                                                                          1983
                                                                          1984
                                                                          1985
                                                                          1986
                                                                          1987
                                                                          1988
                                                                          1989
                                                                          1990
                                                                          1991
                                                                          1992
                                                                          1993
                                                                          1994
                                                                          1995
                                                                          1996
                                                                          1997
                                                                          1998
                                                                          1999
                                                                          2000
                                                                          2001
                                                                          2002
                                                                          2003
                                                                          2004
                                                                          2005
                                                                          2006
                                                                          2007
                                                                          2008
                                                                          2009
                                                                          2010
                                                                          2011
                                                                          2012
                                                                          2013
                                                                          2014
                                                                          2015
                                                                          2016
                                                                          2017
                                                                          2018
                                                                          2019
                                                                          2020
                                                                          2021
                                                                          2022
                                                                          2023
                                                                          2024
                                                                          2025
                                                                          2026
                                                                          2027
                                                                          2028
                                                                          2029
                                                                          2030
                                                                          2031
                                                                          2032
                                                                          2033
                                                                          2034
                                                                          2035
                                                                          2036
                                                                          2037
                                                                          2038
                                                                          2039
                                                                          2040
                                                                          2041
                                                                          2042
                                                                          2043
                                                                          2044
                                                                          2045
                                                                          2046
                                                                          2047
                                                                          2048
                                                                          2049
                                                                          2050
                                                                          SunMonTueWedThuFriSat
                                                                          1
                                                                          2
                                                                          3
                                                                          4
                                                                          5
                                                                          6
                                                                          7
                                                                          8
                                                                          9
                                                                          10
                                                                          11
                                                                          12
                                                                          13
                                                                          14
                                                                          15
                                                                          16
                                                                          17
                                                                          18
                                                                          19
                                                                          20
                                                                          21
                                                                          22
                                                                          23
                                                                          24
                                                                          25
                                                                          26
                                                                          27
                                                                          28
                                                                          29
                                                                          30
                                                                          1
                                                                          2
                                                                          3
                                                                          4
                                                                          5
                                                                          00:00
                                                                          00:15
                                                                          00:30
                                                                          00:45
                                                                          01:00
                                                                          01:15
                                                                          01:30
                                                                          01:45
                                                                          02:00
                                                                          02:15
                                                                          02:30
                                                                          02:45
                                                                          03:00
                                                                          03:15
                                                                          03:30
                                                                          03:45
                                                                          04:00
                                                                          04:15
                                                                          04:30
                                                                          04:45
                                                                          05:00
                                                                          05:15
                                                                          05:30
                                                                          05:45
                                                                          06:00
                                                                          06:15
                                                                          06:30
                                                                          06:45
                                                                          07:00
                                                                          07:15
                                                                          07:30
                                                                          07:45
                                                                          08:00
                                                                          08:15
                                                                          08:30
                                                                          08:45
                                                                          09:00
                                                                          09:15
                                                                          09:30
                                                                          09:45
                                                                          10:00
                                                                          10:15
                                                                          10:30
                                                                          10:45
                                                                          11:00
                                                                          11:15
                                                                          11:30
                                                                          11:45
                                                                          12:00
                                                                          12:15
                                                                          12:30
                                                                          12:45
                                                                          13:00
                                                                          13:15
                                                                          13:30
                                                                          13:45
                                                                          14:00
                                                                          14:15
                                                                          14:30
                                                                          14:45
                                                                          15:00
                                                                          15:15
                                                                          15:30
                                                                          15:45
                                                                          16:00
                                                                          16:15
                                                                          16:30
                                                                          16:45
                                                                          17:00
                                                                          17:15
                                                                          17:30
                                                                          17:45
                                                                          18:00
                                                                          18:15
                                                                          18:30
                                                                          18:45
                                                                          19:00
                                                                          19:15
                                                                          19:30
                                                                          19:45
                                                                          20:00
                                                                          20:15
                                                                          20:30
                                                                          20:45
                                                                          21:00
                                                                          21:15
                                                                          21:30
                                                                          21:45
                                                                          22:00
                                                                          22:15
                                                                          22:30
                                                                          22:45
                                                                          23:00
                                                                          23:15
                                                                          23:30
                                                                          23:45