India will have $ 100 billion online business by 2020

It has been said in the report that by 2020, people will spend $ 100 billion on online shopping.

The time to come will be of digital shopping in India. This is to say that the Boston Consulting Group of America and Google's shared report It has been said in the report that by 2020, people will spend about $ 100 billion on online shopping. According to the current situation in the country, this increase will be about 2.5 times.

Their participation will be -

• By 2020, women reaching hundred billion dollars online shopping, online shoppers with more than 35 years of age and online users of cities with more than one lakh population will be participants.

• The combined share of online users of cities with metro cities will be 50% in online shopping.

• The number of women shopping by 2020 is 2.5 times the increase and the number of elderly buyers is three times more likely to increase.

Enhanced Online Users -

The number of online users in the country has increased by two times to 43 crore, in the four years since the introduction of cheap smartphones, more data inexpensive and the reach of the Internet.

Still behind -

• In digital transition, India is one-third behind China and one fourth of the US level.

• One in five internet users in the country makes an online purchase

• One of the six online travel bookings

• Only 20 percent of people who make online transactions spend 60-65 percent of their total expenditure online.

• 75-80% of internet users are not able to shop online correctly.

Share of different areas -

• Online shopping of clothing, electronics, food items and household goods is estimated to reach close to $ 40-35 billion by 2020. Now it's $ 18 billion.

• Digital transaction in the tourism and hotel sector is expected to increase from current $ 11 billion to $ 20 billion.

• Online financial services increase from current $ 12 billion to $ 30 billion

• Digital media estimated to reach $ 200 million from $ 200 million

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