A mature, urban and digital population
A mature and growing e-commerce market
A growing middle class with disposable income
Rapid growth in digital payments
Educated population with increasingly international outlook
1.34b
Population
440m
Millennials
27.6
Average age
33%
Urban population
340m
Smartphone users
153m
Active social media accounts
31.2%
CAGR e-commerce growth
US$14.5b
e-commerce market size
28%
e-commerce penetration
71%
Internet users are male
46%
Internet users spend 6 hours per day online
US$3.6t
Consumer spending by 2020
US$1,593
GDP per capita equal to China in 2005
US$11,000
or more earned by 2% of the population per year
136
consumer confidence indix - the highest globally
US$600b
Retail market in 2015
58.7%
Penetration of banking services
86%
Cash removed from circulation during demonetisation
US$3.6b
Mobile wallet transactions in Q1 2017
220m
Users of market leader paytm
24.5m
Credit cards
63% vs 81%
Adult vs Youth – literacy rate comparison across age groups
20.4%
Higher education gross enrolment ratio
125m
English speakers
US$274.65b
Exports 2016/17
US$208.9b
Valuation of tourism industry
If you want to do business in the Indian payments, e-commerce or retail space, now is the time! We can help.
Contact
Audrey Leong
at
65) 6322 2786
or email
audrey.leong@terrapinn.com