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'Indian e-commerce sector to touch $35 billion by 2019'
27
Oct '15
Japanese financial holding company Nomura has said that the Indian e-commerce sector's growth looks robust and is expected to reach $35 billion by 2019.

"The growth of India ecommerce remains strong, tracking our expectations of reaching $35 billion by 2019," Nomura said in a research report.

But the report pointed out that the sector needs to focus on a roadmap to profitability. It said that areas like diversification of categories, less discounts, improved logistics and benign legislation like GST need significant progress.

The report noted that while the festive sale season kicked off with a bang for Indian ecommerce players, the volume is lower compared to that in China and the US.

In China, Alibaba during its 'Singles Day' on November 11, 2014 sold goods worth $9 billion, while in the US, during Cyber Monday (Monday after Thanksgiving) and Black Friday, sales of around $3 billion each were recorded in 2014. Comparatively, the quarterly expectations for India's holiday sales are closer to $4 billion. (SH)

Fibre2Fashion News Desk – India

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