In a nation of around 220 million internet users (including mobile - TopicsExpress

In a nation of around 220 million internet users (including mobile internet user base of 115 million which is just over 50% of the total user base) , the recent news of Flipkart raising $1billion dollars from the capitalists across the globe, such as American companies including Tiger Global and Accel Partners, created quite a wave. Even though the Indian e-commerce is yet to go a long way, this recent development highlighted India in the global map for internet retailing. The accelerated growth of online retail businesses in India over the past 12 months induced even Amazon to invest an additional $2 billion in this booming sector.

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