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| E-commerce business |
Now the first question
arises, what is E-commerce? First of all I would like to discuss about the term
E-commerce. E-commerce are the online shopping sites, example of E-commerce
shopping site is flikmart.com, this shopping site contain all kinds of branded products
like woodland casual shoes for men,
home and kitchen appliances like bajaj
platini food processor, electronic products like laptops, led TV and so on.
Now we will discuss on E-commerce growth in 5 years, NEW
DELHI, online shopping companies is likely to clock a compounded annual growth
rate ( CAGR)
of 35% and put out the $100-billion mark over the next 5 years, from $17
billion at current, according to an Assocham-PricewaterhouseCoopers study.
Go with the strong growth momentum
of 2015, the e-commerce area is approximate to see a 72% jump in the average yearly
consume on online investment per head in 2016, from the present level of 65%,
the study said.
In comparison, shopping malls and
retailers are difficulty from lesser footfalls leading to around 25% vacancy
rate, along with a 30% drop in rentals in the last 1 year, according to the
study.
It recognized that the movement in
Indian malls is in line with the dropping lots of footfalls in retail market
space in over two hundred shopping stores beyond the United States, the United Kingdom
and other forest countries.
In the United State, malls are
covering a 46% vacancy rate whereas it stands at 32% in the United Kingdom, it
said.
"Online
shopping has shown a strong success while brick-and-mortar malls are observing
a slowdown. The rise in e-commerce looks effective because of a deep base and
rising entrance of the Internet, "Assocham Secretary
General D S Rawat said.
Besides, with progression in
infrastructure such as logistics, broad-band and Internet-ready devices, there
is likely to be a convincing increase in the number of buyers making investment
online, the study said, prediction around 65 million customers in India to buy
online in 2015, as across around 40 million in 2014.
Some 45% of malls in India are
expected to be change into non-retail space in the next 15 years, which would
be replaced with movie theatres, restaurants, discount retailers and the like,
the study projected.
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