Even as several e-commerce platforms are battling for supremacy, Indian Railways Catering and Tourism Corp (IRCTC) has emerged as the country’s biggest online marketplace. In the last financial year, IRCTC generated revenues of Rs 206 billion or $3 billion due to online sales.
This is nearly double the turnover of the country’s biggest online retailer, Flipkart. This was an increase of 34% from the year before, when the company had posted profits of Rs 1.3 billion.
Though the IRTCTC website is known for its slow user interface, it has taken steps to upgrade it this year. In April this year, the government-owned portal had set a record of by taking 1.34 million ticket reservations in a single day. Read more…
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