India E-commerce Overview

INDIA E-COMMERCE OVERVIEW by S ReferralCandy E-COMMERCE IS BOOMING IN INDIA ...or is it? 1.21 BILLION PEOPLE Зx US POPULATION 2ND LARGEST COUNTRY IN THE WORLD BUT A HUGE POPULATION IS ONLY PART OF THE STORY LOW INTERNET USAGE (100 MILLION USERS) LOW CREDIT CARD PENETRATION SLOW INTERNET SPEEDS HUGE POPULATION FULFILLMENT ISSUES = only a $10 BILLION MARKET THAT IS ONLY 1/16TH THE SIZE OF THE US MARKET! US $167 BILLION INDIA $10 BILLION BUT THERE'S SO MUCH HYPE... flipkart.com make MY trip amazon.com. .com wish » click » go FLIPCART SET TO BE THE FIRST INDIAN BILLION DOLLAR INTERNET COMPANY AMAZON MOVING TO INDIA MAKEMYTRIP DOUBLES VALUATION AFTER US DEBUT "AN E-COM FIRM CAN BECOME INDIA'S LARGEST RETAILER BY 2015." Vishal Mehta, CEO, Infibeam IS THERE A BASIS FOR THE HYPE? CURRENT GROWTH RATE: LET'S LOOK AT THE CURRENT GROWTH RATE 47% CAGR (Compound Annual Growth Rate) E-COMMERCE VOLUME WILL JUMP 10-FOLD IF THE CURRENT GROWTH RATES CONTINUE FOR $100 BILLION 6 YEARS SO HOW MUCH BIGGER CAN IT GET? IMAGINE IF THE USA HAD THE SAME POPULATION SIZE AS INDIA E-COMMERCE VOLUME OF THE USA WITH 1.2 BILLION PEOPLE $500 BILLION THIS IS INDIA'S POTENTIAL WILL IT GET THAT BIG? NO ONE KNOWS FOR SURE, BUT HERE ARE SOME INDICATIONS: INDIA'S POPULATION WILL BE MORE AFFLUENT 2$ GDP WILL GROW 5 TIMES BY 2030 RAPID GROWTH OF TIER-2 CITIES MORE PEOPLE WILL HAVE ACCESS TO E-COMMERCE 98% INCREASE IN RURAL INTERNET USERS IN THE NEXT YEAR 2011 2012 84% INCREASE IN MOBILE INTERNET USERS IN THE NEXT YEAR 36 AND BWA SERVICES ROLLING OUT IN 2011-12 2011 2012 URBAN POPULATION INCREASES BY 90 MILLION EACH YEAR 1 PERSON = 1 MILLION PEOPLE E-COMMERCE INFRASTRUCTURE WILL IMPROVE GLOBAL E-COMMERCE PLAYERS LIKE amazon.com ARE ABOUT TO ENTER INDIA 2$ 200% INCREASE IN VC FUNDING IN THE PAST 12 MONTHS TO $183 MILLION PEOPLE WILL GET COMFORTABLE WITH PAYING ONLINE 45 MILLION NEW DEBIT CARDS ISSUED YEARLY 1 CARD = 1 MILLION NEW DEBIT CARDS PAYMENT INNOVATION: PREPAID CARDS, CASH ON DELIVERY, MOBILE BANKING, SWIPE ON DELIVERY GOVERNMENT INITIATIVES (LIKE UID AND IMPS) FOR ELECTRONIC PAYMENTS IN CONCLUSION INDIA'S POTENTIAL FOR E-COMMERCE IS IMMENSE. OVERCOMING ITS CHALLENGES WILL BE INCREDIBLY REWARDING. SOURCES: http://www.youtube.com/watch?v=-ZNKNAD38UC http://www.pluggd.in/india/ecommerce-in-india-challenges-3983/ http://www.penn-olson.com/2011/08/19/techsparks-entrepreneur-problems/ http://thenextweb.com/in/2011/07/29/flipkart-may-have-just-become-the-first-indian-billion-dollar-internet-company/ http://articles.timesofindia.indiatimes.com/2011-07-26/india-business/29816088_1_amazon-s-kindle-e-commerce-groupon http://www.business-standard.com/india/news/makemytrip-valuation-doubles-afterus-debut/105064/on http://techcircle.vccircle.com/500/an-e-com-firm-can-become-indias-largest-retailer-by-2015-vishal-mehta-ceo-infibeam/ http://trak.in/tags/business/2011/08/02/top-10-deal-sites-india-snapdeal/ http://venturebeat.com/2011/06/29/livingsocial-groupon-market-share/ http://www.alootechie.com/features/india-have-24-million-rural-internet-users-december-2011-study http://trak.in/tags/business/2011/02/15/indians-top-10-mobile-internet-users-survey/ http://techcircle.vccircle.com/500/indian-e-commerce-players-will-innovate-to-overcome-challenges-scale/ ReferralCandy