India

Online retailers priming for Deepavali sales

Deepavali, literally meaning row of lights in Sanskrit, is the Hindu festival celebrated every autumn that represents the victory of light over darkness, good over evil, and knowledge over ignorance. It is celebrated with lamps adorning temples and homes, with festivities and rituals that usually last about five days.

As this Hindu festival season approaches, e-retailers across India are getting ready to spend an estimated 4,000m Indian rupees on advertising alone, according to Livemint. Compared to 2016, an added five million shoppers are expected to click and proceed to checkouts.

Flipkart’s Big Billion Days sale and Amazon India’s Great Indian Festival sale are set to bring in at least 2.5 billion U.S. dollars. In addition to these giants, companies like Pepperfry, Paytm Mall and Grofers will also invest money in advertising during the Dusshera- Diwali season.

Prosperity, light, fireworks and feasts indeed!

Description

This chart provides key facts about online retail during Deepavali in India.

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Leading e-commerce brands for Diwali shopping in India in November 2023
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E-commerce sales in India during the festive season from 2016 to 2020 (in billion Indian rupees)
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Gross merchandise value (GMV) of e-commerce during festival season in India from 2019 to 2022, with projections for 2023 (in million Indian rupees)
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Purchases that households were likely to spend on during the festive season in India as of September 2022, by category
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Value of retail m-commerce sales across India in 2015 and 2016, with a forecast until 2020 (in billion U.S. dollars)
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Share of households planning to spend during the upcoming festive season in India as of October 2021

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