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Indian e-commerce sector triples in five years: ASSOCHAM Report

ASSOCHAM Reported that Indian e-commerce sector growth triples in five years
The Indian E Commerce sector tripled or grew by 209% past 5 years. From $4.4 billion in 2010 to $13.6 billion in 2014

Growth and Development in E-Commerce sector:

♦ According to an Associated Chambers of Commerce & Industry of India
Country’s E-commerce market is expected to reach $38 billion (Rs 252,700 crore) in 2016.
♦ According to Confederation of Indian Industry (CII) and Deloitte , a consultancy
The online retail sector in India is expected achieve $1 trillion (Rs 660,000 crore) market by 2020.
The Goods and Services Tax is expected to boost the growth of e-commerce by simplifying taxation and logistics
♦ Internet penetration across the country is rising with as many as 354 million users reported as of September 2015e-commerce-sector
Percentage of Internet Users:
Australia – 90 %
US – 87%
Japan – 86%
Brazil – 53%
China – 46%
India – 19 %

♦ Online shoppers have increased from 20 million in 2013 to 39 million in 2015, an increase of 95 percent over three years.
Mobile internet spend has enhanced from 54 percent to 64 percent from 2014 to 2015, attributed to high-speed 3G and 4G internet connectivity at some of the world’s lowest prices
♦ The average broadband speed in India is 2 mega bits per second (mbps), ranking 115 globally
♦ Government allowed 100 percent foreign direct investment in online retail market places-electronic platforms that connect buyers and sellers.
♦ US retailer Amazon became the second-largest online marketplace by shipments
♦ In the taxi business, multinational Uber is in battle with India’s Ola