8 REASONS WHY YOU SHOULD CONSIDER SELLING IN INDIA
1. Huge Population
With a population of 1.27 billion, India is the second most populous country in the world.
2. Third biggest pool of Internet Users
India currently stands third next to China and US in terms of number of Internet Users. This is estimated to grow two fold and reach 500 million users by 2018. On an average 6 million new users are being added every month.
3. Massive number of Internet Users
Currently, the number of internet users in India is larger than the entire population of Brazil (204 Million), Russia (146 Million), Japan (126 Million), Germany (81 Million), France (66 Million), and Australia (23 Million).
4. Fastest growing eCommerce market
As per Google, the ecommerce industry market size was US$ 3.4 Billion in 2014. This is the fastest growing ecommerce market in Asia-Pacific with a Compound Annual Growth Rate (CAGR) of 63% in 2013-2016. The Etailing industry itself will grow to US$ 8.5 billion in 2016.
5. Increasing Online Spends
Currently online shoppers in India spend around Rs 6,000 (US$ 94.5) a year on average. This spending is expected to rise by 67% to Rs 10,000 (US$ 157.5) by next year.
6. Apparels a top Seller among Online Customers
Online apparel sales continue to capture a great share of India retail ecommerce along with the consumer electronics sector – these two categories alone contribute for 42% of total ecommerce sales. In 2014, of the total US$ 3.4 Billion of online retail sales, US$ 540 million is of apparels.
7. Increasing T-Shirt consumption
Apart from people wearing t-shirts for 'comfort,’ there is now a rising trend of people wearing t-shirts to support a cause, convey a message, showcase their personality, and show their community, school, or college spirit!
The organized t-shirt market size stood at US$ 1.92 billion in 2014. Growing at 12% CAGR, it is expected to reach US$ 3.34 billion by 2018.
8. Men are the biggest customer base
Men’s and Boy’s t-shirts contribute to 85% of T-Shirt market share, but Women’s and Girl’s segments are showing higher CAGR of 14% compared to Men's segment which is growing at 12%
Why wait? Start your t-shirt campaign on My Dream Store and reach out to the vast niches waiting for you!Previous Next