The Future Is Bright: An Insight Into The E-Commerce Sector Of India

With over 560 Million internet users, India is the second largest online market in the world, ranked only behind China. In its recent report titled ‘Global Internet: E-Commerce's Steepening Curve', Goldman Sach's has reported that the growth rate of the e-commerce sector of India for each of the next four years, would outdo the equivalent of developed countries like the US, the UK, countries in Europe, Brazil, and China. It has also reported that India's e-commerce industry is likely to reach $99 Billion in size, while the online penetration of retail is expected to more than double to around 11 per cent by 2024 from 4.7 per cent in 2019. Lets discuss it!