The popularity of e-trade in India is soaring. However, online buyers inside the USA are the maximum hesitant in the international while it comes to shopping for from overseas web sites.
Just over half of-of online buyers in India are secure with the idea of creating e-trade transactions from stores abroad. This is lower than the worldwide average of two-thirds, according to new research with the aid of Flow, a platform for pass-border e-trade.
An oversized percent of Indians—4 in ten—fear approximately currency exchange charges. “This is notably better than the records pulled from the alternative eleven markets in which 24% answered (in agreement),” Rob Keve, CEO of Flow, informed Quartz. “There is honestly a difficulty about the exchange price among the rupee and different currencies.”
Flow surveyed around 5,000 human beings aged between 18 and 54 across 11 nations for this research.
“More than one in five shoppers in India were concerned with local charge alternatives now not being presented,” Flow’s file stated approximately the country where coins continue to be king. Cash-on-delivery continues to be the maximum favored fee technique in Indian e-commerce as terrible digital infrastructure, vulnerable cyber laws, and lack of consumer agree with maintaining to plague the sector.
Moreover, homegrown e-commerce web sites provide a number of price alternatives, like the virtual wallets of Flipkart-owned PhonePe and Vijay Shekhar Sharma’s Paytm, which aren’t accepted by many foreign websites.
Customer carrier availability became additionally high precedence—over one in five Indians sampled said so.
Who’s shopping for them?
Female shoppers in India are some distance more willing to store on-line from out of doors India than their male opposite numbers.
And what are they ordering? “Indian buyers had been more interested in style accessories, patron electronics, jewelry, and sporting goods,” the report said.
India’s preferred vacation spot to order overseas goods from becoming America, followed by way of China.