Online fashion market to double by 2020
ANI | Updated: March 16, 2018, 17:07 IST New Delhi, Mar 16: The fashion and lifestyle industry in India is witnessing a surge, with strong drivers of growth and a host of other factors resulting in its progress. Pegged at USD 100 billion and growing at a CAGR of 8-10 percent offline, the segment is projected to grow by 15-20 percent over the next five years, from the current 4 percent. The same was stated by e-commerce major Myntra , whose research indicated that India has a 450 million internet user base, which is expected to grow by 62 percent to 729 million by 2020. Of this, 310 million are the active internet accessing population, accessing the internet at least once a month. This number is expected to increase by 35 percent to 419 million by 2020. Online shopping is a form of electronic commerce which allows consumers to directly buy goods and services from a seller over the internet using a web b...
