Report: Indian E-Commerce to Reach $35 Billion by 2019
Oct. 29, 2015
More research was released this week indicating strength and the potential of the e-commerce market in India. Nomura, a market research firm based in Japan, said e-commerce sales will grow to $35 billion by 2019.
But, according to the report, while growth in topline sales will be fast, there are areas where significant progress needs to be made including offering a greater diversity of product categories, relying less on discounting and improving logistics. The company also said the industry has to work with the government to streamline the regulatory environment. These issues are “still works in progress and remain big areas of investment,” the report said.