RNCOS has recently added a new Market Research Report titled, Indian Online Retail Market Analysis to its report gallery. For the past few years, the Indian retail sector has been witnessing tremendous growth, and contributing significantly to the countrys GDP. Though the country retail sector is highly unorganized, organized retailing is growing at a rapid pace to grab a considerable market share. According to our new research report, with the growth in organized retailing, the online retail segment is emerging as a new platform in the market. It is estimated that the online retail market will grow at a compound annual rate of around 39% during FY 2013 to FY 2016.
The report, Indian Online Retail Market Analysis, finds that online retail has been growing in the country at an unprecedented rate. With the rising internet penetration and broadband availability, and growing culture of Smartphones and tablets, people have started buying products online. As per our study, the major reasons driving the online buying is cash-on-delivery facility, and discounts & offers provided by the online retailers. The busy lifestyle in metros is also propelling people to buy products online. On studying the latest trends and drivers, we observed how the growing sales of kids products and grocery are expected to boost the online retail market in India.