Indian e-commerce market is expected to reach $50-55 billion by 2021
Wednesday, February 15, 2017, 2:44 PM
According to a study, Indian e-commerce market is expected to reach $50-55 billion by 2021, from the current $6-8 billion. Report by Retailers Association of India and Boston Consulting Group revealed that, consumer electronics, apparel, homeware and furniture, luxury, health, FMCG and food and grocery have maximum e-commerce penetration. In the last three years alone digital buying has increased from 3 % to 23%.