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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Have won in people’s court, says Karnataka CM Siddaramaiah on by-poll results
Bengaluru (PTI): Buoyed by the assembly election by-polls, which saw the ruling Congress sweeping in all the three seats, Karnataka Chief Minister Siddaramaiah on Saturday said he won in the ‘people’s court’.
He gave credit to the guarantee schemes for the party’s victory in the assembly bypolls in Sandur, Shiggaon and Channapatna.
“You know what Mahatma Gandhi said. He said people’s court is better than the courts. Now people’s court has given me its verdict,” Siddaramaiah told reporters.
This victory was significant for the Congress as the BJP and JD(S) formed an alliance, he explained.
“We won from Kalyana Karnataka (Sandur), Kittur Karnataka region (Shiggaon), and old Mysuru region (Channapatna). In all the places we won. So, this is very significant."
“After our government came to power about one and half years ago, the BJP made false allegations on me and my government. They also spread lies about our schemes,” Siddaramaiah said.
The CM is an accused in the MUDA site allotment scam where 14 sites in upmarket of Mysuru was allotted to his wife, Parvathi. After the controversy broke out, Parvathi returned the sites to MUDA.
He also came down heavily on the opposition BJP and JD(S) for their lies and ‘baseless allegations’.
The Chief Minister also took a swipe at JDS supremo H D Deve Gowda and his son Union Minister H D Kumaraswamy for "crying" in public during elections.
“Deve Gowda and his sons cry, but didn’t their heart melt when several women cried in the Prajwal Revanna case in Hassan?” he asked.
Former JD(S) MP and grandson of former Prime Minister H D Deve Gowda, Prajwal Revanna is in jail for allegedly sexually assaulting several women and filming them.
