Retail Ecommerce trends in India to touch $7.69 bn in 2015

Retail ecommerce Trends

Retail eCommerce sales trends in India are expected to grow by 45 per cent to $7.69 billion this year.

The country had witnessed retail eCommerce sales of $5.3 billion last year, according to eMarketer estimates of digital and brick-and-mortar retail sales around the world.

Retail eCommerce sales, including all products ordered over the Internet except travel, will grow 45.2 per cent to $7.69 billion this year, it added.

eCommerce has taken India by a storm and has shown potential to grow further with the Indian government, firms and investors trying to capitalise on its popularity.

ecommerce-sales-in-india-to-touch-7-69-bn-in-2015-emarketer

Last year saw big investors from India and abroad putting their money on various e-commerce ventures, which got funds to the tune of $3 billion from individuals, companies and private equity firms.

The industry players expect the fund inflows to continue, or may be get stronger in 2015 as well.

A report by consulting firm Technopak pegs the $2.3 billion e-tailing market to reach $32 billion by 2020.

Another report by consultancy firm PwC and industry body Assocham suggests that eCommerce firms are expected to spend up to USD 1.9 billion by 2017-2020 on infrastructure, logistics and warehousing