Why is e-commerce on the rise and what is the future of ecommerce in India after 2020
Jayaram Bhat17 Aug, 2020Technology
According to the IBEF, Indian retail trade is one of the fastest growing markets in the world. The retail industry is supposed to reach Rs 76.87 lakh crore (approx. US$ 1.1 Trillion) by 2020. Recent trends in retail drive home the fact that e-commerce is set to play a vital role in the growth of this sector. The Indian e-commerce industry is expected to be worth US$ 700 Billion by 2020, and there are expected to be 220 million online shoppers by 2025.
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