Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

'E-commerce will have nearly 10 million sellers online by 2020'

'E-commerce will have nearly 10 million sellers online by 2020'

Friday June 17, 2016 , 2 min Read

Over 10 million sellers are expected to be online to cater to the huge growth in the customer base on such platform in the next four years, a top e-commerce industry executive said today. Nitin Bawankule, Industry director at Google India said -

"India's internet users are soaring, and over 10 million sellers are expected to be online by 2020 to cater to the huge consumer base, be it through marketplaces or on their own."

"Beauty and personal care, lifestyle including home and furnishings, and fast moving consumer goods are the three categories that must focus on integrating their online and offline distribution to ensure seamless customer service," he added, while addressing the retail industry at a conference in Mumbai.

yourstory_flipkart_seller
Image : Shutterstock

He urged the industry to think about customer acquisition and ensure supply chain efficiencies. He also expects that by 2020, the internet users in India would more than double to 650 million from the current 350 million. Presently, there are over 100 million online shoppers, which is also expected to grow exponentially. Of the 350 million internet users, over 75 million are urban, while rural accounts for less than 20 per cent. Adding that women shoppers will push online sales going forward, he pointed out -

"In the next wave, over 250 million of the internet users will be from rural India, and it is necessary for retailers to stay ahead of this curve."

"Presently the male to female ratio of internet users is 70:30, and this (women users) is expected to go upwards of 40 per cent in the next five years. This will make a significant difference to businesses like healthcare and education," Bawankule said. Women shoppers will make larger contributions to online shopping basket, and this will be a significant shift in India, he said.