Growth of Retail ECommerce Worldwide
More than 85 percent of the worldwide respondents to a poll had purchased something online. Growing middle class is spurring online commerce in China and India. The growth of retail e-commerce since 2006 and projected till 2010 is provided below:
2006 : $335 billion
2007 : $419 billion
2008 : $517 billion
2009 : $608 billion
2010 : $711 billion
Growth of Retail ECommerce in India
India’s share of online commerce is projected to grow from 1.3 percent of Asia-Pacific in 2006 to 3.3 percent by 2011. The projected value of the market over the years and projected for the upcoming years are:
2006 : $800 million
2007 : $1.2 billion
2008 : $1.9 billion
2009 : $2.8 billion
2010 : $4.1 billion
2011 : $5.6 billion
Source: techcrunchies.com
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