E-Commerce In India To Touch $547 Million This Year

Telegraph: E-commerce transactions in India are expected to grow to Rs 2300 crore ($547 million) in the next financial year from Rs 570 crore ($135 million) in 2004-05, registering an increase of over 300 per cent. Apart from the online demand for railway or airline tickets, buying books, music, apparels, jewellery, home tools, toys and beauty products and booking hotels over the net are also on the rise.
The Internet and Online Association (IOAI) estimates that the average number of transactions will increase to 795,000, which is an 80 per cent growth over last year. The average transaction value will be around Rs 1100 ($26). Internet users are expected to cross 100 million by March 2008.
According to a study conducted by IOAI, of the 25 million Internet users in the country, 48 per cent shop online.

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