Will social shopping replace other forms of shopping?

I dont think so, especially not in india for another 10 years or so because in india e-commerce is still evolving. Then dont forget the security threat on the net. I think as more scams evolve over the years, consumers are going to be worried about the security aspect and that is going to stop them from shopping online. Plus the fact that a lot of products like textiles, footwear, electronics etc., still require a touch and feel effect before arriving at the buying decision.

Would take a long (really too long) for that to happen. Modern trade came in more than a couple of yeas back but the traditional trade has only become stronger and larger today. Threats were seen, faced and overcome but no fixed preferences are still to be seen.

Not exactly, social shopping doesn't seem to have any particular value add for mainstream consumer products over typical recommendations. If you already know exactly what you want, social shopping is a mute point. However, even if you're actually shopping for a mainstream product - say a kitchen appliance - social shopping doesn't seem to add anything of value. All of the major appliance retailers already have shopper product reviews.

Beyond introducing shoppers to new products, the ability to sway shoppers toward specific products is probably very limited to shoppers purchasing from a need to be liked. The rest of us really don't care that much about what other people think.

And moreover younger shoppers tend to be influenced more by what other people think, and are the early adopters of social networking, the effective scope of social shopping is likely to be younger shoppers - with less spending power.

So, I don't think social shopping will overcome other forms of shopping.