EBay expects above 35% growth in business

EBay expects above 35% growth in business

Mumbai: Leading online trading platform, eBay India today said its India business is likely to grow by over 35%, on the back of increasing participation from semi-urban and rural areas.

“According to some estimates, the industry growth is 30-35%. We expect to grow above this level. We see a great deal of interest coming from users in semi-urban and rural areas," eBay India, Director-Marketing, Kashyap Vadapalli told reporters here.

Presently, eBay has around 30-lakh registered users in the country, out of which nearly 20-lakh are active users, Vadapalli said.

According to a study conducted by eBay, India’s top five eCommerce hubs are Delhi, Mumbai, Chennai, Jaipur and Bengaluru, out of which Delhi ranked the first followed by Mumbai.

In total, India has over 2,400 eCommerce hubs, with the IT hubs of Andhra Pradesh, Tamil Nadu, Kerala, Maharashtra and Gujrat being the most wired states, originating most of the eCommerce transactions, he said.

The study also found that the country has 226 export hubs, where Indian entrepreneurs sell a variety of products to millions of eBayers in 172 countries across the globe.

The annual report said that technology products like camera, television are the most preferred items by online shoppers, accounting about 44% of all the transactions on eBay in India.

In terms of export, lifestyle products account the highest, contributing about 64% of all transactions.