Indian Internet Economy is booming with rising Indian Internet population

       Yes, Indian Internet economy is seeing a good boom. Earlier in india you were getting to see only sites related to jobsearch, matrimony etc. But Indian internet economy has caught a new thread now. And that thread is Online retailing. Yes my dear friends, nowadays in India online retailing is getting incredible response from the indian internet users. As a result you can see a good number of online retailing sites rising their heads. Internetworldstat.com  reports that in 2010, india had 100,000,000 internet users, where population was 1,173,108,018 and penetration was 8.5 %. If you compare this to the the year 2007, it had 42,000,000 internet users, population was 1,129,667,528 and penetration 3.7 %. These stats say that just in 3 years gap we got to see almost 2 fold growth in the internet users. It means indian internet population is increasing day by day at considerable rate. As a result online Indian consumers are also increasing. Improving salary and  living style of indians also adds to it.

If we take example of some online retailing sites we have flipkart.com and snapdeal.com

Flipkart was co-founded as an online bookstore in 2007 by two IIT graduates who initially bootstrapped it. It's now diversified into general e-commerce, It's now on a $70+ million revenue run rate according to the VC Circle report. Flipkart, the "Amazon of India", is raising $150 million at a $1 billion valuation, says a report by VC Circle. If true, that would make it the first internet startup in India to reach that number.

Coming to snapdeal.com, in an interview given to CNBC TV18, Kunal Bahl, Co-founder & CEO of Snapdeal.com says "Within this year, we will probably cross Rs 150 crore in revenue. We just started 17 months ago and that kind of growth was never seen in India before in any sector of the industry. Also one fundamental thing that ecommerce is doing for consumers in India is providing them access to aspiration. So Indian consumers have lot of aspiration across the country, but Brick and Motar retail has not scaled as fast as everyone wanted and so ecommerce is providing that access to them". Snapdeal.com has got USD40 million investment this year.

By observing the growth of these internet companies we can expect to see some good Indian origin internet brands spreding their business all over the world in future.

Thats all about indian internet economy , I will come back to you soon with another brand new interesting article, till then just wait...