Smartphones are taking India by storm and bringing online shopping with it.
Ecommerce in India is growing 80% YOY all thanks to mobile phones. A study and infographic by Coupon Hippo visualizes why some of the biggest companies like Amazon & Uber are already focusing on India.
India will become the most populated country on earth and jump to the 6th biggest Ecommerce market by 2021. This means passing Spain, Russia, Australia, Brazil, Canada, South Korea and France over the next 5 years.
India’s surge is due to a regional “Mobile Boom”. People across India are getting first access to the Internet via smartphones in huge numbers. India will be the only large country with double digit mobile adoption till 2021.
There will be more Indians accessing the Internet via their mobile phones than the entire U.S. population. This trend will also make India the largest Facebook Audience in the world (passing the U.S.).
Foreign companies like Amazon and Uber are currently battling Indian rivals to gain a foothold. Amazon is investing $5 billion to beat rival Flipkart. Uber is battling OLA Cabs who has a much larger Indian market share already.
About Coupin Hippo:
Coupon Hippo is India’s most forward looking coupon code site. We focus on creating value for our users through interesting studies and new technology for the Indian coupon space.