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Consumer eCommerce is major driver of economy, IAMAI

19 Oct '07
3 min read

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The online travel segment lead the pack with Rs 5500 crores for 2006/07 and an expected growth rate of 30 per cent to reach Rs 7000 crores by the end of 2007/08.

The size of Online Classifieds, the next large segment was around Rs. 540 crores at the end of 2006-07. It is expected to reach Rs. 820 crores by the end of 2007-08.

eTailing stood at Rs. 850 crores in the year 2006-07 and is expected to be Rs 1105 crores industry at the end of 2007-08. Digital downloads and paid content accounted for the rest.

Commenting on the report, Dr Subho Ray, President, IAMAI, said: "Consumer eCommerce is a major driver of the economy and we are happy that it has achieved a very decent size in India."

"It is perhaps the only sector which has operated under sometimes hostile and at all other times indifferent policy environment."

"It is the right time for policy makers to extend its support to this industry as it has done for other so called sunrise industries and create an environment where this industry feels inspired, secured free to innovate"

Internet & Mobile Association of India

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