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E-commerce is on a all-time high in India. Gujarat is one of the largest sourcing hubs for loose diamonds, apparel, furnishings and handicrafts.
E-commerce is enjoying a money-train ride in India. Indian sellers are seeing tremendous success with products such as jewellery, apparel, collectibles, furnishings and musical instruments. eBay India sellers sell an article of clothing or accessory globally every 6 minutes while 9 pieces of jewellery sell every hour. A home furnishing item sells every 10 minutes while a coin or a stamp sells every 15 minutes. Interestingly, 14 musical instruments sell globally every day. Ambareesh Murty, director of marketplace development, eBay India, shared this during an event aimed at evangelising e-commerce to residents of Ahmedabad.
Murty said, “eBay presents a great entrepreneurial opportunity for Indian sellers to sell products internationally to millions of eBay buyers worldwide. Global trade or exports can be explained as sellers from India selling to buyers from other countries in addition to domestic shoppers. Global trade on eBay India is seeing significant traction with as many as 7,200 entrepreneurial sellers having benefited from this opportunity.”
Murty also shared some key trends in global trade according to which there has been a definite increase in sellers from non-metro cities selling globally through eBay India. Sellers from cities such as Shillong, Aizwal, Bakrol, Khanna and Khamaria are successfully trading with countries across the world. There has been a growth in contribution of smaller cities to the business with 50 per cent of all global sellers on eBay India being from non-metro cities in India.
There has also been an increase in the demand for Indian products from thousands of buyers worldwide. In fact, buyers from over 150 countries have bought products from Indian sellers till date. An Indian seller sells an item to a global buyer every 72 seconds!
For Indian global trade sellers from the metros, Gujarat is one of the largest sourcing hubs for loose diamonds, apparel, furnishings and handicrafts. While exports from non-metro cities is on the rise, the contribution of local sellers has scope to increase in share as local merchants are largely acting as supply sources to sellers in larger metro towns. By selling finished products directly to the end consumer abroad, local merchants will be able to increase their share of value created.
Guajarat has a large base of global trade sellers led by sellers from Ahmedabad and Surat. From Guajarat, eBay India has also seen global trade emerge from cities such as Sihor, Rajkot, Baroda and Bhavnagar.
English speaking countries like UK, USA, Australia and Canada are natural markets for Indian sellers due to the ease of communication. However, enterprising Indian sellers have also made inroads into European markets such as Germany, France and Italy.
Source
E-commerce is enjoying a money-train ride in India. Indian sellers are seeing tremendous success with products such as jewellery, apparel, collectibles, furnishings and musical instruments. eBay India sellers sell an article of clothing or accessory globally every 6 minutes while 9 pieces of jewellery sell every hour. A home furnishing item sells every 10 minutes while a coin or a stamp sells every 15 minutes. Interestingly, 14 musical instruments sell globally every day. Ambareesh Murty, director of marketplace development, eBay India, shared this during an event aimed at evangelising e-commerce to residents of Ahmedabad.
Murty said, “eBay presents a great entrepreneurial opportunity for Indian sellers to sell products internationally to millions of eBay buyers worldwide. Global trade or exports can be explained as sellers from India selling to buyers from other countries in addition to domestic shoppers. Global trade on eBay India is seeing significant traction with as many as 7,200 entrepreneurial sellers having benefited from this opportunity.”
Murty also shared some key trends in global trade according to which there has been a definite increase in sellers from non-metro cities selling globally through eBay India. Sellers from cities such as Shillong, Aizwal, Bakrol, Khanna and Khamaria are successfully trading with countries across the world. There has been a growth in contribution of smaller cities to the business with 50 per cent of all global sellers on eBay India being from non-metro cities in India.
There has also been an increase in the demand for Indian products from thousands of buyers worldwide. In fact, buyers from over 150 countries have bought products from Indian sellers till date. An Indian seller sells an item to a global buyer every 72 seconds!
For Indian global trade sellers from the metros, Gujarat is one of the largest sourcing hubs for loose diamonds, apparel, furnishings and handicrafts. While exports from non-metro cities is on the rise, the contribution of local sellers has scope to increase in share as local merchants are largely acting as supply sources to sellers in larger metro towns. By selling finished products directly to the end consumer abroad, local merchants will be able to increase their share of value created.
Guajarat has a large base of global trade sellers led by sellers from Ahmedabad and Surat. From Guajarat, eBay India has also seen global trade emerge from cities such as Sihor, Rajkot, Baroda and Bhavnagar.
English speaking countries like UK, USA, Australia and Canada are natural markets for Indian sellers due to the ease of communication. However, enterprising Indian sellers have also made inroads into European markets such as Germany, France and Italy.
Source
