IBEF: September 07, 2015
New Delhi: According to a study conducted by Assocham-PricewaterhouseCoopers, Indian e-commerce industry is expected to grow at a compound annual growth rate (CAGR) of 35 per cent to reach US$ 100 billion mark in the next five years from US$ 17 billion in 2015. The e-commerce sector is expected to grow 72 per cent in terms of the average annual spend on online purchases per individual in 2016, from the current level of 65 per cent in 2015. Consumers making online payment are expected to reach 65 million in India in 2015, as against around 40 million in 2014. This growth in e-commerce is mainly because of a low base and rising penetration of the internet. Further improvement in infrastructure facilities such as broadband, logistics and internet-ready devices are expected to significantly increase the number of consumers making purchases online.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.