BIS to formulate standards for service sector, retail and ecommerce

India's e-commerce projected to hit $150 billion by 2022

Even as the domestic ecommerce sector is projected to grow by leaps and bounds in the near future, the Bureau of Indian Standards (BIS) is in the process of evolving standards for the services sector, including ecommerce and retail services.

India’s e-commerce is projected to proliferate exponentially and touch $ 150 billion by 2022 riding on the rapid growth of internet penetration among the middle class, according to a report by software body NASSCOM and consulting major PwC. Last year, the ecommerce space in India was pegged at US$ 36 billion.

BIS Head (international relations and technical information services) J