India is developing country as they say and will require another 20 and 30 years to be inline with the already developed western countries. But what sometime startle me that at what rate India is developing compared to other countries that are already developed like for example United States of America. I remember when Big mall revolution started taking India over in early 2000 and all big metros witnessed tremendous boom in this sector. People started purchasing their goods from malls and even started preferring them over shops. This carried on for while and big brands flourished as young Indian youth with their increased purchasing power preferred loomed over brands and spent lavishly on brands until recently. After the year 2005 when people started using smartphones a new way of shopping was introduced to them that was online shopping or E- Shopping. That started a big revolution of new e-commerce websites and business based out of Internet. In the year 2007 flipkart started selling books through it's portal. It changed the way how we shopped until now. Suddenly shopping became much more convenient, just at your fingertips! New websites like homeshop18,snapdeal and very currently amazon started fueling the competition by opening their portals and providing user the much needed option to the Indian buyer. Now Indian e-commerce worth is around $ 13.5 billion as of 2014 and stated to grow up-to $ 20 billion industry in 2015.
Noticed how short lived the mall trend was in our country as compared to other countries like USA were first mall opened in 1956! Ya this can also be blamed to late FDI enactment in our country which itself brought the brands and hence the mall culture. But how people changed from mall to e-commerce given the better prices and convenient really amazes me and also is the proof of the fact that when compared with other countries India is developing at the fast rate at least in the commercial/shopping department.
Noticed how short lived the mall trend was in our country as compared to other countries like USA were first mall opened in 1956! Ya this can also be blamed to late FDI enactment in our country which itself brought the brands and hence the mall culture. But how people changed from mall to e-commerce given the better prices and convenient really amazes me and also is the proof of the fact that when compared with other countries India is developing at the fast rate at least in the commercial/shopping department.
