Home / Knowledge / News / Apparel/Garments / Indian ecommerce market to touch $60-70 bn by 2020: Report
Indian ecommerce market to touch $60-70 bn by 2020: Report
Feb '15
Driven by faster growth in goods than services, ecommerce market in India is expected to quadruple to $60-70 billion over the next 5 years, according to a recent report.
The report titled ‘Retail 2020: Retrospect, Reinvent and Rewrite’ jointly prepared by the Boston Consulting Group and the Retailers Association of India was released during the Retail Leadership Summit 2015 held in Mumbai this week.
The report says the number of Internet users in India is expected to increase 3 times from around 200 million in 2014 to around 600 million by 2020. Likewise, proliferation of smartphones will also increase from 120-140 million in 2014 to 600-700 million in 2020.
The increase in the number of Internet and smartphone users will be due to lower cost of connectivity and improved quality; and expanded reach in lower tier cities and rural areas due to investments in network infrastructure.
According to the report, customers will get attracted to ecommerce because of superior value proposition on several counts—broader assortment, higher discounts, and greater convenience.
Further, ecommerce growth will also be aided by efforts of players to develop payment channels (cash on delivery, mobile wallets) and streamlined logistics infrastructure.
The report suggests that India retailers should proactively conceptualise and execute a digital strategy with clarity on why shoppers purchase online. The retailers are also advised to smartly leverage social media to drive word of mouth, and design a seamless and connected customer journey as shoppers migrate across channels. (RKS)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search