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E-commerce to cross $100billion by 2022, says study

THE ASIAN AGE.
Published : Sep 8, 2018, 2:05 am IST
Updated : Sep 8, 2018, 2:05 am IST

As a result, the industry is seeing a growing focus on customer experience, thereby taking e-commerce beyond just selling things online.

Currently, the size of ecommerce in India is estimated to be $35 billion.
 Currently, the size of ecommerce in India is estimated to be $35 billion.

New Delhi: Ecommerce in India is expected to grow at 25 per cent in the next five years and is likely to exceed $100 billion by 2022, according to a PwC India-Nasscom report. Currently, the size of ecommerce in India is estimated to be $35 billion.

The report, which expects three out of four online customers to come from tier II and beyond,  said that etail and etravel will continue to hold over 90 per cent share of ecommerce, while online financial services will witness the fastest growth.

“There is a gradual shift in the focus of companies and investors alike towards adopting a sustainable economic model centred on the customer. As a result, the industry is seeing a growing focus on customer experience, thereby taking e-commerce beyond just selling things online. The next phase of growth in the sector would come from ensuring a seamless shopping experience, building digital trust, voice-based or conversational commerce and creating an inventory of localised content,” PwC India’s Sandeep Ladda said.

Tags: e-commerce, nasscom, online shopping, economic growth