Indian e-commerce market to cross $100 bn by 2022: Report
Friday - September 7, 2018 7:04 pm ,
Category : BUSINESS
New Delhi Sep 7 (IANS) The Indian e-commerce market would become worth over $100 billion by the year 2022 with a growth of around 25 per cent from the current level a report said on Friday.
There is a need to harmonise the e-commerce policy framework in the country to enable growth in the sector stated a joint report by PwC and Nasscom -- Propelling India towards global leadership in e-commerce.
The e-commerce segment has the potential to create over one million jobs by 2023 in the country it said.
"The Indian e-commerce market of 35 billion dollars is expected to grow at 25 per cent in the next five years and exceed 100 billion dollars by 2022 " said the report.
Online financial services would witness fastest growth in the segment in years ahead the report said although 90 per cent of the e-commerce market would be held by e-tail (electronic retail) and e-travel service providers.
Sandeep Ladda Partner Global TMT Tax and India Technology Sector Leader PwC India said: "The next phase of growth in the sector would come from ensuring a seamless shopping experience building digital trust voice-based or conversational commerce and creating an inventory of localised content."
--IANS rrb/nir
There is a need to harmonise the e-commerce policy framework in the country to enable growth in the sector stated a joint report by PwC and Nasscom -- Propelling India towards global leadership in e-commerce.
The e-commerce segment has the potential to create over one million jobs by 2023 in the country it said.
"The Indian e-commerce market of 35 billion dollars is expected to grow at 25 per cent in the next five years and exceed 100 billion dollars by 2022 " said the report.
Online financial services would witness fastest growth in the segment in years ahead the report said although 90 per cent of the e-commerce market would be held by e-tail (electronic retail) and e-travel service providers.
Sandeep Ladda Partner Global TMT Tax and India Technology Sector Leader PwC India said: "The next phase of growth in the sector would come from ensuring a seamless shopping experience building digital trust voice-based or conversational commerce and creating an inventory of localised content."
--IANS rrb/nir
