Goldman Sachs has updated its predictions for the Indian ecommerce market.
It now predicts that the Indian ecommerce market will be worth over 100 billion US dollars by 2020, up from its previous prediction that it would be worth 81 billion US dollars by that time.
A spokesperson has commented on the updated prediction, saying: “Higher growth in this space is due to the higher-than-expected internet and smartphone penetration, digital wallet adoption, last-mile logistics investments, continued discounting and better execution.”Â
