| Home
India and China to rule online shopping world by 2010
Tajikistan News.Net
Saturday 28th June, 2008 (ANI)
New Delhi, June 28 : Its not been long since India was bitten by the online shopping bug, and come 2010, the country is all set to rule the online shopping domain, for a new research has suggested that India and China will become the largest online shopping market in the Asia-Pacific region with the starting of the next decade.
By 2010, China will have the highest online shopping turnover, which would make up to about 1.4 trillion dollars and India will be at the No 2 spot.
Conducted by MasterCard, the survey claimed that by 2010, these two largest populated countries would displace Japan from its position of the largest online shopping market in the Asia-Pacific region, what with 480 million online buyers spending trillions of dollars buying products online.
Focussing on e-commerce across the region, the survey said that by 2011, online shopping growth will be exceed 23 percent a year, with the bulk of that coming from China and India.
"The rising population of upper-middle-income urban elites is likely to boost the online shopping markets in China and India significantly. Domestic consumer spending in the two countries is poised to pick up strongly, underpinned by the rapid pace of urbanization, robust economic expansion and rising spending powe," the China Daily quoted the survey, as saying.
By 2010, India's online shopping population is believed to go ahead of Japan and South Korea, revealed the survey.
While China has one of the lowest Internet penetration rates, its online shopping penetration rate is about 70 percent, "indicating the online population has a high tendency to make online purchases", said the survey.
Talking in terms of total revenue, online shoppers in these countries spend an average of 612 dollars per quarter, with Singaporeans and South Koreans the biggest spenders.
In fact, the survey revealed that a large majority of the region's shoppers, about 84 percent, plan their purchases and conduct research before spending their money.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Seoul to spend billions on thwarting North Korea threat
Seoul, July 3 (DPA) South Korea Friday announced plans to spend billions on sophisticated technology to counter the perceived threat of a North Korean nuclear attack. [read story]
- UN chief meets Myanmar junta chief
Yangon, July 3 (DPA) UN Secretary-General Ban Ki-moon met Myanmar's military leader Friday on an official visit that aimed at pressing for the release of all political prisoners, including opposition leader Aung San Suu Kyi. [read story]
- India, Japan to work for early FMCT, fast-track economic pact
Tokyo/New Delhi, July 3 (IANS) India and Japan, the only country to have been attacked by atomic bombs, Friday decided to work together for an early conclusion of the Fissile Material Cut-off Treaty (FMCT) and to fast-track negotiations on a comprehensive economic partnership agreement. [read story]
- Japan extends its naval unit's Afghan support mission
Tokyo, July 3 (IANS) Japan's Cabinet Friday approved a bill to extend its troops' refuelling operations in the Indian Ocean to help the US-led forces in Afghanistan by another six months till Jan 15 next year, a media report said. [read story]
- US pushes ahead with Afghan offensive
Kabul, July 3 (DPA) The US military said Friday that it was pushing further into a Taliban bastion in southern Afghanistan after it had reported its first casualties in the offensive, the first under the US government's new strategy in the Central Asian country. [read story]
|
|
 |
 |
|
|
