Indian Ecommerce Market To Break $100 Billion Mark

The market is expected to be worth over $102 billion by 2020

The Indian e-commerce market is expected to be worth over 102 billion US dollars by 2020, an increase from just 16 billion in 2015. Figures from a Deliotte report show that the amount of online shoppers in India has increased from 20 million people spending an average of $147 in 2013, to over ten times that number of people seven years later in 2020 who will be spending an average of $464. This extreme rate of growth has been put down the nations increase in internet penetration and the way it has recently embraced smartphones. The report claimed that the “rise of middle class consumers and changing shopping habits” were altering the face of online shopping, especially in remote areas of the country where delivery is now more available for shoppers. 

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