Online retail platforms in India clock Rs 4,000 crore worth festive sales between September 22 to 30; 56,000 mobiles sold every hour: Report
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The online retail platforms in India clocked $5.7 billion (about Rs 40,000 crore) worth festive sales between September 22 to 30, a robust 27% (year-on-year) growth, a report showed on Thursday. Mobile phones continue to lead the market with 41 per cent contribution in gross merchandise value (GMV) and nearly 56,000 mobile handsets were sold every hour, according to the report by market research firm Redseer Strategy Consultants.