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India’s E-commerce Sector Poised to Grow Threefold in Four Years
September 26, 2018
According to a new report by Nasscom and PwC, India’s e-commerce market which currents stands at $35 billion is projected to grow 3 times by 2022 to reach a $100 billion milestone. This is expected to create over a million jobs across the country.
The report said that online financial services will observe the fastest growth. However, e-travel and e-tail alone will make for 90% of the entire e-commerce sector. It said that roughly 75% of the online customers will be from tier II markets and most of them will prefer content in local languages and seek high transparency from different brands. They will also be relatively less tech-savvy.
Debjani Ghosh, the current president of Nasscom said that in the next 5 years, the e-commerce sector has the potential to create over 1 million jobs in related industries viz. warehousing and logistics.
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