Digital commerce market to reach Rs 2.37 lakh crore: Report
New Delhi, Sep 13 : Digital commerce in India will reach Rs 2.37 lakh crore by December 2018, a report by the Internet and Mobile Association of India (IAMAI) said here on Thursday.
By the end of 2017, the market stood at Rs 2.04 lakh crore, the report said, adding that online travel industry covered 54 per cent of the total market value last year.
"Online travel industry continues to grow strongly with 54 per cent share while the share of online non-travel has improved over the previous year to reach 46 per cent," the report added.
In December 2017, the share of e-tail was around 36 per cent of the total digital commerce spends, it said. The e-tail sector grew 23 per cent on a year-on-year basis.
According to the report, online utility payments market registered close to 63 per cent growth between 2016 and 2017.
Further, other online services market that includes online bookings for entertainment, online grocery, and online food delivery, was close to Rs 6,060 crore in December 2017.
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Vehicle rams into divider, power pole on Badami-Udupi stretch; 1 killed, 6 injured
Byndoor: One person was killed and six others were injured in a road accident near Kirimanjeshwara here on Saturday evening, as their vehicle rammed into the divider, and then hit an electricity pole a few meters ahead.
All the seven people, the accident victim, Ramanna, as well as driver Niranjan and passengers Hanumanth, Prajwal, Shivakka, Reshma and Kavya, are learned to be natives of Bagalkot.
The group was returning to Udupi on Saturday evening, after attending a relative's wedding in Badami. The accident reportedly occurred as the driver lost control over the vehicle, which hit the divider and, due to the impact of the collision, hit a power pole about 50 meters ahead on the road.
Ramanna, who was seriously injured in the accident, died on the way to the government hospital in Kundapur. The other passengers and the driver are being treated at the hospital.
Byndoor Police officers have booked a case and are investigating the matter.
