Online Sale: 40000 crores online sales in seven days, 56000 mobiles sold every hour

Online Sale: 40000 crores online sales in seven days, 56000 mobiles sold every hour

Online sales of Rs 40,000 crore have been made in the first 7 days of the festive season. This is an increase of 27 per cent from last year. During this 7.5 to 8 crore customers made online purchases. Redseer said that 56,000 mobiles were sold every hour during this period.

Mobile phone sales have grown seven times this year. Mobile phones accounted for 41 per cent of the total sales. Fashion contributes 20 per cent. This is an increase of 48 percent compared to the previous year. Sales of electronic products have increased five times. The report said that 65 per cent of the total buyers are from small towns. The number of such customers registered a growth of 24 per cent year-on-year.(Credenttv.com)

14 percent people will buy from e-commerce sites
According to Axis My India, 14 percent of people will shop from an e-commerce website. 78 percent would buy from local shops near their home. According to the survey, the expenditure of 58 percent people has increased in October. 44 per cent said they would spend on clothing purchases, while 8 per cent planned to buy electronics and mobile phones.

Activities at six-month low
The country’s services sector activity has hit a six-month low in September under the pressure of inflation. In addition, new business growth slowed to the slowest since March amid increased competition. The S&P Global India Services PMI business activity index declined to 54.3 in September. This is the slowest expansion since March. The service PMI in August stood at 57.2.

However, this is the 14th consecutive month that the service PMI has exceeded 50. A PMI (Purchasing Managers Index) above 50 indicates expansion and a figure below that indicates contraction. Pauliana De Lima, Joint Director, S&P Global Market Intelligence, said the Indian services sector has overcome many hurdles in recent months. Price pressures, competitive environment and unfavorable public policies have weighed on growth. The sharp depreciation of the rupee has created additional challenges for the Indian economy.