Although India's use of the internet is lower than many poorer countries, the country's e-commerce sector tripled - or grew by 209 percent over the last five years - from $4.4 billion (Rs.20,020 crore) in 2010 to $13.6 billion (Rs.83,096 crore) in 2014.
This data was contained in a reply given to the Lok Sabha in March 2016.
India's e-commerce market is likely to reach $38 billion (Rs.252,700 crore) in 2016, according to an Associated Chambers of Commerce & Industry of India ( Assocham) report released in January 2016.
The online retail sector in India is expected to be a $1 trillion (Rs.660,000 crore) market by 2020, according to a recent report by the Confederation of Indian Industry ( CII ) and Deloitte , a consultancy. The study indicates that more e-commerce will trigger big innovations in India.
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This data was contained in a reply given to the Lok Sabha in March 2016.
India's e-commerce market is likely to reach $38 billion (Rs.252,700 crore) in 2016, according to an Associated Chambers of Commerce & Industry of India ( Assocham) report released in January 2016.
The online retail sector in India is expected to be a $1 trillion (Rs.660,000 crore) market by 2020, according to a recent report by the Confederation of Indian Industry ( CII ) and Deloitte , a consultancy. The study indicates that more e-commerce will trigger big innovations in India.
Source