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India’s eCommerce will grow by 45%, lead my mid-size retailers in 2016

07-04-2016 12:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Chitrangana.com

The leading e-commerce consultancy predicted growth of e commerce B2C retail business in India, the study covered data of 250+ online store and trend study of 14 product category.

The India e-commerce market is fighting with the bad economy, and the evidence shows the struggle is moving toward the positive cycle of growth. The market is experiencing down cycle due to intentionally created circumstances to pull down the e-commerce in India.

The study predicted, the year 2016-2019 will be the year of small to mid-size business, and found a trend of natural growth for small scale project whereas it’s tuff time for large scale project. The report predicted year 2016 would grant easy growth to specialise small-mid size portal and existing small-mid size portal will gain 45%+ growth, and the study also found few mid-size portal would surely take the top position in the industry.

Despite the slowdown in overall Indian retail market due to the liquidity crunch, Year 2016-176 will still boost the market due to faster growth of internet adoption in small cities of India; The study also expected double of the internet speed by end of 2016 in the major part of India.

"The e-commerce market including overall retail will face 12%-17% decline in sale begin from Feb 2016 to May 2016; the sales flow will be below normal +/- 5% in June, July 2016 and the Aug 2016 will bring some fundamental issues for the industry. The industry will begin complete rebound from Sep 2016 and will continue huge growth for next 18-24 month till 2019." - said Nitin Lodha, the eCommerce consultant at Chitrangana.

The estimation has been majored by research and analysis department of chitrangana.com.

Chitrangana ® is a Business and Information Technology consultancy working with its clients to drive growth and innovation through the best use of digital channels. The company established in 1989 and started the journey with satellite broadcasting business. Later, the company diversified the business in Technology Consulting, Business automation, Warehousing, Food Processing, Electronics distribution and eCommerce consulting. The company specialise in B2C retail eCommerce consulting, and solutions with experience of 9+ year along with the successfully establishment of 1750+ projects in India, UK. We have assured industry-leading grand success to 450+ project and develop many new product category in the India and UK.

Website : http://www.chitrangana.com

Chitrangana - eCommerce Consultancy,
Chitrangana Tower,
6,7 Daya Mandir Road,
Mandsaur, Madhya Pradesh
458001 India

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