As per the latest eBay India Online Business Index report, eBay India has shared the key findings on the Indian businesses engaged in eCommerce at an event in Delhi. The report highlights eCommerce adoption trends by entrepreneurs and small and medium enterprises and covers both domestic and retail export entrepreneurs. The findings were compiled using survey responses from over 700 of eBay India’s top sellers, whose annual turnover ranges from $10,000 to $4.5 million.
Latif Nathani, Managing Director, eBay India, said, eBay India is committed to encouraging many more Indian entrepreneurs to benefit from the large domestic and export opportunity provided by eBay’s strong entrepreneurship platform and consumer base. The eBay Online Business Index is an attempt to present the pulse of the online entrepreneur and give their views a voice.
Anil Bhardwaj, Secretary General, Federation of Indian Micro and Small & Medium Enterprises (FISME), said, Internet remains unconstrained by geography and offers a big opportunity to micro, small and medium businesses to expand their reach. I strongly urge entrepreneurs to explore this medium and enjoy the multiple benefits offered through an online presence.
The key findings of the eBay Online Business Index revealed that the majority of both domestic and retail export entrepreneurs on eBay (53%) only sell online. eCommerce is emerging as the most profitable Channel. eBay entrepreneurs are overall seeing healthy eCommerce growth rates with over 36% of domestic sellers stating a 20% YoY growth rate and over 24% stating a 21%-40% YoY growth rate.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.