E-commerce trade is expected to reach 99 99 billion

Mumbai, Ta. Wednesday 22 July 2020

By 205, India's e-commerce sector is expected to grow at an average annual rate of 6 per cent to ૯૯ 6 billion. A report prepared by Goldman Sachs states that the expansion of e-commerce has doubled globally due to Kovid-18.

Sales of consumer package goods through e-commerce have increased in three months as much as in three years.

"We expect the e-commerce sector to grow at an average annual rate of 6 per cent to ૯૯ 6 billion between 2014 and 2015," Goldman said in his report. Grocery and clothing will be the main factors in this development.

The online expansion of retail, which was 7.50 per cent in 2015, is expected to increase to 10.50 per cent by 203. The vote comes in the wake of Reliance Ind's entry into e-commerce and its affiliation with WhatsApp.

Facebook has acquired a 5.50% stake in Reliance's subsidiary Geo Platforms. Online grocery stores have been growing at an annual rate of 20% for the past few years, but Corona's onslaught will speed up the flow of more people online.

The e-commerce sector in India is seeing growth due to the increase in online purchases of segments like grocery, FMCG and flexible payment system.

The report also projected that the growth rate of non-grocery on e-commerce would be five per cent in the next two years and reach 19.10 per cent by 2021.