India’s E-commerce to Reach $100 billion by 2020

India had already plunged into e-commerce market. It is predicted to grow ten fold and in next five years reach $ 100 billion, DIPP Secretary Amitabh Kant said today.

According to a report titled ‘Direct selling; Mapping the industry across Indian states’, the country’s e-commerce sector, which is around $ 10 billion (Rs 65,000 crore) at present, can even touch $ 250 billion in next ten years as digital penetration of Internet, smartphones and digital network had spread in rural areas also.

Source: Economic Times