Indian E-commerce to cross USD 100-billion mark by 2024

Indian E-commerce to cross USD 100-billion mark by 2024

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With several key supporting factors the Indian e-commerce is expected to have increase in penetration from 3% in 2019 to 6% 2024. The rise is witnessed in the sales of the Indian e-commerce retail market and is expected to cross the mark of USD 100 billion by 2024. E-commerce stood USD 30 billion in the year 2019. The high growth is expected in the next five years due to the rise in online fresh groceries sales and growth in the number of food delivery companies. If we look at the retail market it has undergone a lot of changes in the past 10 years. The e-commerce retail came up to USD 30 billion in 2019 from less than USD 1 in 2010.

Read More at The Economic Times

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