A research report ‘Online Fashion Retail Market in India 2015-2019’ by Market Research Reports Inc. forecast that online fashion retail in India includes the sale of apparel and non-apparel products to grow at a CAGR 64.87 per cent in next five years. It is based on an in-depth market analysis with inputs from industry experts.
The online fashion retail market in India can be segmented into two: apparel and non-apparel. The non-apparel category can be further divided into footwear, watches, bags, and other accessories. This report provides an insight into the Indian economy apart from explaining in brief about the overall retail scenario in India. Report says that India increased Internet penetration has been a key factor contributing to the growth of the online retail market in the past few years. It is also home to the youngest online population when compared with other BRIC nations. Broadband penetration has increased in recent years with demand for both fixed and wireless broadband connections. There is a threat from unorganized players posing a serious challenge to the growth of the market.