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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Vijay unable to prove majority, not invited for CM oath ceremony: Sources
Chennai: Actor-politician Vijay has reportedly not been invited to take oath as Chief Minister of Tamil Nadu after failing to demonstrate support from the required number of MLAs, sources in Raj Bhavan said.
According to media reports that quoted sources in the office of R.N. Ravi Arlekar, Vijay could not prove the backing of 118 legislators, the majority mark in the 234-member Tamil Nadu Assembly.
Despite last-minute efforts to secure support from the Viduthalai Chiruthaigal Katchi (VCK), Amma Makkal Munnetra Kazagam (AMMK), and an IUML legislator, Vijay reportedly managed support from only 116 MLAs, falling short by two members.
Sources said Vijay failed to submit letters of support from the VCK and the Indian Union Muslim League (IUML).
Later, the IUML issued a statement clarifying that it was not part of the TVK-led alliance.
Meanwhile, AMMK leader T.T.V. Dhinakaran is also said to have informed the Governor that his party would support the All India Anna Dravida Munnetra Kazhagam (AIADMK) instead.
Earlier in the evening, Vijay had met Governor Arlekar and staked claim to form the government, stating that he enjoyed the support of 118 MLAs.
