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Indian e-commerce industry is expected to cross $100 billion mark by 2020

The CAGR of the Indian online user growth is nearly four times that of global rate

Samreen Ahmad 

Indian e-commerce industry is expected to cross $100 billion mark by 2020

With an online population of 500 million in 2017, India has one of the fastest growing internet populations in the world. A compound annual growth rate (CAGR) of 13 per cent will take the number of online users to 720 million, close to where China is currently. The of the user growth is nearly four times that of global rate. The has seen a steady growth over the years from 2014 and is currently pegged at $53 billion. With a growth of 25 per cent, the industry is expected to cross the $100 billion mark by 2020.

Indian e-commerce industry is expected to cross $100 billion mark by 2020

SECTOR-WISE SPLIT OF THE MARKET

Proven value: Sectors which have grown to a good market size with decent online penetration

  • OTAs
  • Online ticketing
  • Food delivery
  • Cabs

Large potential: Those which have grown to a good market size but have very low online penetration. And hence there is huge growth expected here

  • Groceries
  • Fashion
  • E-tailing

Emerging: These are the new upcoming sectors which have low market size very low online penetration but are growing at a much faster rate than others

  • Hyperlocal
  • Medicine delivery

Organic: These are sectors which have gained good online penetration and have achieved a good market size and hence further growth in these can happen only organically matrimonial

  • Real estate classifieds

Indian e-commerce industry is expected to cross $100 billion mark by 2020

Indian e-commerce industry is expected to cross $100 billion mark by 2020

First Published: Fri, May 18 2018. 23:17 IST