Friday, December 23, 2005

India Ecommerce

IAMAI estimates the size of the Indian e?commerce market will touch Rs 2,300 crore (around 10 per cent of the organised Indian retail market) by 2006-2007 ? a 95 per cent rise over last year?s figures of Rs 1,180 crore and an over-300 per cent rise over the figures of 2004-05.

Ajit Balakrishnan, chairman and CEO of, says, ?There are several factors that will influence the growth trajectory of e-commerce. Such as, the growth of the overall Internet user base, quality of Internet access through the use of the Net arising from offices and homes versus colleges and cybercafes, quality of access enabled by broadband penetration and the extent of credit card (stands at 5 million) and debit card use on the Internet.?



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