Tag: online grocery development

Why is online business more convenient than an offline one?

Gone were the days of conventional ways of doing business as every industry started transiting from the offline business to move online. E-Commerce has grown up to 300% within the last few years and is expected to make 17.5% of global retail sales by the end of 2021. As we are living in the era of digitalization, where being online is more essential. Your online presence as a business can actually help your business reach out and connect with audiences at the global level.

Let’s have a look at some of the benefits of online businesses:

 

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India e-commerce market to touch $84 Bn in next two years

Driven by the rise in internet penetration and an equally fast-growing economy, India’s e-commerce market is slated to touch $84 billion by 2021 from $24 billion in 2017.

The share of the organized retail market will be doubled to 22-25 percent in the same period, said a report titled ‘Unravelling the Indian Consumer‘ by Deloitte India and Retail Association of India.

The high growth in the e-commerce market is majorly driven by young populations, a rise in the number of internet users, and increase usage of smartphones, reasons the report.

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