As per reports, approximately one-fifth of the retail turnover is being transacted online which is low as compared to markets like South Korea and Japan having 85% and 80% of the total retail turnover is transacted over the Internet. Hong Kong and Singapore market’s net-based transactions account for only 15% of the retail turnover.
Internet trading in India has grown 100% every year during the last 5 years. Almost 45% of the total retail trading is expected through the online network.
The Internet seems like the biggest leveler, enabler and differentiator as the broking industry will split into two parts where one would like to call itself wealth management providers while others will concentrate on the high volume business by providing lower charges.
been a hushed moneymaker for India’s major drug manufacturing company Ranbaxy making a
