Few of you may be wondering if India is ready for the Internet Transaction world – The land of so many culture and traditions prefer doing business dealing Face to Face…. With a Human Touch. So why then would this medium be popular? The thought is justified and the question is appropriate. Lets begin demystifying the unsaid thoughts.
Globally “Technological Evolution” is taking place at a very rapid place at - India is in no mood to be left behind Brokers had starting studying ‘Trading in Cyber land’ around late ‘90s and were getting ready to face the new millennium .
India has now enough examples to adapt and do better in varies fields as compared to foreign countries Online Trading & Investments is no different – Three Critical factors will lead the cause
1) The Indian Government is helping things along by reducing barriers for telecom providers. Also, Internet access is surprisingly affordable. According to the IAMAI (Internet & Mobile Association of India), a monthly broadband subscription can cost as little as 199 rupees, or about $4.50.
2) India’s IT and Telecom Ministry is heading an initiative to cut the cost of PC’s. According to IAMAI, the Initiative is set to make computers available for less than 10,000 Rs
3) Next is the increase in website registration under the “.in” domain. According to IAMAI, these registrations surpass 150,000.
The growth rate for Internet penetration in India is Mind blowing- The country’s Internet population had grown 700% since 2000. And there‘s still plenty of room fit it to expand. More than 1.1 billon people live in India. But only 40 million people are online- only 3.5% of the total population.
Even if India reaches only 50% saturation over the next several years, this will mean more than 500 million new Internet Customers, You can see the gigantic potential and it is this very potential that has led to revolutionary changes in India across Industries – They exist all around you today-
• Online Tickets foe airlines & railways
• Online Tickets to the movies
• Online Purchase for consumables
• Auctions & Bidding online
Games Online…….. The List is quite endless and growing.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment