Over 60% Consumers Prefer Shopping Via Apps: Report
Mar 01, 2024 20:02
A PwC India report reveals that over 60% of Indian consumers prefer shopping through mobile apps due to ease of use and vernacular support. The report highlights the growth of e-commerce in tier 2-4 cities and the role of social media in driving product trials.
New Delhi, Mar 1 (PTI) More than 60 per cent of people prefer shopping through mobile apps due to ease of navigation, user-friendly interfaces, and vernacular support, according to a PwC India report.
In the report titled 'How India shops online: Consumer preferences in the metropolises and tier 1-4 cities', PwC India said urban dwellers are enticed by perennial discounts and convenience of online shopping, while consumers from rest of India regions are driven towards e-commerce by factors like limited product availability and stockouts in local offline stores.
In recent years, approximately 12.5 crore consumers in India have embraced online shopping, with a significant portion hailing from tier-II, -III, and -IV cities.
PwC India said the report is based on an online survey of 2,100 people, 100 qualitative interviews, and 400 in-person interviews across India with leading experts and industry partners.
"The next phase of growth for e-commerce will be driven by the new digital savvy consumers of tier 2,3 and 4 cities in India. In contrast to urban dwellers, these individuals, constrained by limited access to physical stores and brand choices, consider online shopping a gateway to fulfil their aspirations," Somick Goswami, Partner and Business Transformation Leader at PwC India, said.
It further said social media platforms play a pivotal role in driving product trials, with 62 per cent of users trying products after seeing them on platforms like Facebook and Instagram.
Urban and rest of India consumers exhibit differing preferences in social media channels for product discovery and trials, it added.
It also said while both urban dwellers and rest of India consumers display comparable acceptance of UPI payments, cash on delivery remains the preferred option among the latter to minimise fraud risks.
"India's online consumption gravity is decisively percolating to markets beyond metros. This report creates an industry-first insight on what are some of the unmissable category wise nuggets a brand needs to imbibe to success in Rest of India," Ravi Kapoor, Partner and Leader - Retail and Consumer Goods at PwC India, said.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Auto Retail Sales Sustain Momentum in November
Automobile retail sales rise in November, driven by passenger vehicles, commercial...
Chennai Bullion Rates Today
Opening bullion rates in Chennai on December 8th. Check gold and silver prices per...
ICICI Prudential AMC IPO Opens Dec 12
ICICI Prudential AMC''s Rs 10,602-cr IPO opens Dec 12. Price band Rs 2,061-2,165/share....
Adani Green Adopts TNFD for Nature-Positive Growth
Adani Green Energy integrates TNFD framework, shifting to nature-positive renewable...
Equity Markets Decline: Services & Realty Drag
Equity markets fall due to services, realty stocks, and FII outflows. Sensex and Nifty...
Rupee Falls to 90.11 Against US Dollar
Rupee depreciates to 90.11 against the dollar due to crude oil prices, foreign fund...
Punjab Seeks Korean Investment: Mann Visits Seoul
Punjab CM Mann urges Korean investment in Seoul, highlighting industry-friendly...
India-EU FTA Talks with Goyal: Key Issues &...
EU team meets Piyush Goyal to discuss India-EU Free Trade Agreement. Focus on steel,...
AI/ML in Power Distribution: Manohar Lal Keynote
Manohar Lal highlights AI/ML role in power distribution at national conference. Focus...
UIDAI Aadhaar Verification: New Rules & App
UIDAI to mandate registration for Aadhaar verification. New app & rules discourage...
Read More »