According to a recent report, the Ecommerce sector in India, generate revenue of $ 120 trillion in 2020, after that towards the end of the last fiscal year there were sales of 30 billion dollars. This important increase would be a consequence mainly of the youth demographic profile, increased Internet penetration, as well as a relative improvement in purchasing power.
El e-commerce segment in India reported revenue of $ 30 billion, equivalent to Rs 199.450 million, at the end of the 2015-2016 financial year. But the important thing is that the forecasts indicate that by 2020, the income generated by Ecommerce in this country will reach 120 billion dollars.
While it is true that in terms of base, India may be at a lower level than China and other ecommerce giants like Japan, the Indian growth rate, is well above other countries. Against India's annual expansion of 51%, Ecommerce in China is growing at 18%, while in Japan it is growing at 11% and in South Korea the growth of e-commerce is 10%.
The report also notes that India has an Internet user base of 400 million in 2016, while Brazil has 210 million Internet users and Russia has 130 million. Furthermore, about 75% of Internet users in India belong to a 15-34 age group, making India one of the countries with the youngest demographics in the world.
Finally, just say that in India, between 60 to 65% of the total ecommerce sales, are being generated from the sale of smartphones. Brands of clothing, accessories, jewelry, gifts, footwear, among others, are some of the most popular segments in Indian e-commerce.