Ecommerce in India: Handloom & Handicraft Market Research & Turnover
Posted by Ekta Singh / October 25th, 2018 / 2 ResponsesThe Indian e-commerce industry has been on an upward growth trajectory and is expected to surpass the US to become the second largest e-commerce market in the world by 2034.
The e-commerce market is expected to reach US$ 64 billion by 2020 and US$ 200 billion by 2026 from US$ 38.5 billion as of 2017.
With growing internet penetration, internet users in India are expected to increase from 481 million as of December 2017 to 829 million by 2021.
Rising internet penetration is expected to lead to growth in eCommerce.
India’s internet economy is expected to double from US$125 billion as of April 2017 to US$ 250 billion by 2020, majorly backed by eCommerce.
Source: https://www.ibef.org/industry/ecommerce.aspx
According to a study done by Indian Institute of eCommerce, by 2021 India is expected to generate $100 billion online retail revenue out of which $35 billion will be through fashion e-commerce. Online apparel sales are set to grow four times in the coming years.
In India, cash on delivery is the most preferred payment method, accumulating 75% of the e-retail activities.
Government initiatives
Since 2014, the Government of India has announced various initiatives namely, Digital India, Make in India, Start-up India, Skill India and Innovation Fund. Some of the major initiatives taken by the government to promote the e-commerce sector in India are as follows:
The Government of India has distributed rewards worth around Rs 153.5 crore (US$ 23.8 million) to 1 million customers for embracing digital payments, under the Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana.
The Government of India launched an e-commerce portal called TRIFED and an m-commerce portal called ‘Tribes India’ which will enable 55,000 tribal artisans get access to international markets.
In order to increase the participation of foreign players in the e-commerce field, the Indian Government hiked the limit of foreign direct investment (FDI) in the E-commerce marketplace model for up to 100 percent (in B2B models).
Total handloom handicraft e-commerce business turnover in India
As per estimates in Feb 2017, the sector’s market size in the country is around $5 billion annually.
eCommerce present a great marketing platform to the domestically produced products. The total worth of the Indian handicraft industry across the globe is the US $ 100 billion. In the world’s handicraft, a market share of India is 1.2%. Carpets, woodware, bamboo products, marble sculpture, bronze sculpture, leather products, paintings, zari goods, embroidered goods and jewelry are few of the most desired handicraft products from India.
The Department of Handlooms and Textiles, Government of India, has tied up with nine e-commerce players and 70 retailers to increase the reach of handlooms products in the Indian market.
Which are the top e-commerce website engage in handloom & handicraft and their turnover
In March 2018, Textiles ministry engages 21 e-tailers for handloom items.
As on December 31, 2017, these web portals had generated handloom sales of Rs 9.54 crore in the current financial year. This figure was Rs 7.07 crore in the corresponding period of 2016-17, and Rs 1.06 crore in 2015-16. Thus, more than Rs 17 crore of sales of handloom products have been generated since 2015, the minister added.
Amazon India expanding its footprint in India’s Handloom Industry has now added pure handloom and handicraft items of Weavesmart – an online handloom store supported by the Government of India – on its platform. Weavesmart stores more than 20,000 products which will now be made available to millions of Amazon customers, as per the media statement.
Top e-Commerce Websites:
1. Amazon India
2. Craftsvilla – Craftsvilla Handicrafts Pvt Ltd, the holding company of Crafstvilla.com, posted a revenue of ₹37 crore in FY2016 with a loss of ₹119 crore.
3. https://www.handcraftsofindia.com/
4. https://www.weavesmart.com/
5. https://authindia.com/ – Estimated Revenue $ < 1M
6. http://gaatha.com/ – - Estimated Revenue $ < 1M
7. https://gocoop.com/ – Estimated Revenue – $4.4M
8. https://silkrute.com/ – Estimated Revenue $ < 1M
9. https://www.ishippo.com/
Rest revenue stats have been taken from owler.com
Conclusion
Source:
http://www.fibre2fashion.com/news/textile-news/textiles-ministry-enlists-21-portals-for-handloom-sales-240962-newsdetails.htm
https://inc42.com/buzz/amazon-india-backs-govt-of-india-backed-weavesmart/
https://www.thehindubusinessline.com/info-tech/handicraft-exporters-take-ecommerce-route-to-tap-domestic-market/article6905096.ece
https://inc42.com/buzz/amazon-india-backs-govt-of-india-backed-weavesmart/
https://www.quora.com/What-is-the-best-website-to-buy-Indian-handloom-and-handicraft-items
https://www.livemint.com/Industry/N9i3R5ExZpSBIhtuS0CCQJ/Indias-fashion-eretail-market-to-touch-35-bn-by-2020-Goo.html
http://brlp.in/documents/11369/1132127/Report+on+Analysing+the+Scope+for+JEEViKA+to+Sell+
HandloomHandicraft+Product+Online.pdf/412a20fb-78a3-4e6b-8c74-ac4b3c5cb170
https://www.ibef.org/industry/ecommerce.aspx
https://en.wikipedia.org/wiki/E-commerce_in_India#Market_size_and_growth
Comments:
adult ads
free local dating sites
Gtcyti – sildenafil citrate uses Aimidz xyaurc
meet singles online
best free dating site for serious relationships
Olqezm – essay about college students Riqxgh jsxsko
Bssgjp – propecia vs finasteride generic Ahfjnd znxedx
tadalafil 40 https://elitadalafill.com/ generic tadalafil 40 mg
Cegoks – achat viagra express Rcosgx tyeobs
Iddvqk – finasteride 1mg sex drive Akgzvg vqqsia
Zddfdt – essay typer Gpzhnc euhjoo
buy alprostadil cream online https://alprostadildrugs.com/ where to buy alprostadil gel
how to make money casino blackjack https://casinoxsonline.com/ casino star free slots
casino games odds of winning https://casinoxsbonus.com/ party casino games
buy cheap sildenafil uk https://eunicesildenafilcitrate.com/ buy sildenafil tablets online
casino royale game https://casinoxsbest.com/ free casino slot games no download no sign in
club player casino promo codes feb 2017 https://casinoxsgames.com/ 5 million chips doubledown casino
vegas world free casino games https://casinoxsplay.com/ new york online casino
alprostadil prices in canada https://alprostadildrugs.com/ injectable for ed
vardenafil price https://vegavardenafil.com/ buy vardenafil over the counter with no pres. online
tadalafil https://elitadalafill.com/ order tadalafil
canadian pharmacy generic sildenafil https://eunicesildenafilcitrate.com/ buy sildenafil 20 mg
vardenafil nortwest pharmacy https://vegavardenafil.com/ buy vardenafil over the counter with no pres. online
Vslqqe – zithromax azithromycin Jkfbko gqnuqd
Neqkhe – lasix furosemide Lerrkk yctgqk
As we have just uploaded all the video lessons (link attached below), your learning will be much facilitated. You can pause and resume as you wish.
Let me know how it works out for you. Good luck in your learning journey.
카지노사이트
Thank you for sharing this great and useful blog. I love all your posts, and I am riding all your posts. PhenQ
Mndjjt – chicago manual of style annotated bibliography sample Pbztqx pbqrsa
doubledown casino on line slots https://casinoxsonline.com/ play 2 win casino
grand casino hinkley bingo https://casinoxsbonus.com/ bingo hall online casino reviews
casino gambling https://casinoxsbest.com/ best western casino las vegas
online casino real money https://casinoxsgames.com/ online casino games real money
bingo hall online casino reviews https://casinoxsplay.com/ play free casino slot machine
tadalafil prescription online – how long does tadalafil daily take to work generic tadalafil at walmart
erectile herbs https://erectiledysfunctionpillscvs.com/ erectile dysfunction injections
40 mg tadalafil https://elitadalafill.com/ tadalafil gel
do you need prescription for canadian prescription of cialis in usa https://canadacialisstore.com/ buying canadian cialis
viagra sin recetas en farmacias de canada https://canadaviagrastore.com/ canada pharmacies viagra
canadian pharmacies ed pills https://canadapillstorex.com/ canadian generic pills
erectile lubricants https://canadaerectiledysfunctionpills.com/ buy erectile dysfunction meds
vardenafil hcl 20mg tab https://vegavardenafil.com/ vardenafil 20mg tablets
tadalafil 40 mg from india https://elitadalafill.com/ what is tadalafil
c-alprostadil https://alprostadildrugs.com/ alprostadil penile suppository price
low cost erectile treatment https://erectiledysfunctionpillscvs.com/ erectile dysfunction drugs
sildenafil generic india https://eunicesildenafilcitrate.com/ buy sildenafil 20 mg tablets
erectile herbal supplements erectiledysfunctionpillscvs how erectile dysfunction affects reproduction
buy generic cialis 120 pills https://pharmacious.com/# buy generic cialis 120 pills
can erectile dysfunction be prevented https://erectiledysfunctionpillscvs.com/# erectile cherries
erectile lubricants https://erectiledysfunctionpillscvs.com/# does erectile dysfunction mean heart problems
Naturally, there are many websites and options available to purchase handicrafts products. When I looking to buy handcrafted gift items or handcrafted Home Decor items then I prefer to visit fariocity all the time.
They have a great collection of unique, handcrafted, eco-friendly, water resistance jewellery , items for home-decor , fashion accessories, and apparel.
Nice post. Thanks for sharing such type of valuable article. Keep sharing this type of informative post.
Your blog is very nice… I got more information about your blog page… Thanks for sharing your information…