Posted by : Unknown
Monday, 20 January 2014
Indians have an habit of stocking goods they no longer use. The general idea is that people store used goods to use later on, though that happens rarely. A new study conducted by e-commerce site OLX and research firm IMRB International says total estimated realizable value of stocked goods in urban in India is whopping Rs. 22,000 crore. The study covers 12 cities of India, 4800 consumers, between the age group of 19 - 60 years.
The first OLX Consumer Research on Used-Goods and Selling Trends (CRUST) Survey for 2013-14 emphasises on the used goods market in urban India, and the attitude of urban Indians towards used goods.