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E-Commerce Market May Reach $45-50 Bn By 2020: Study

Industry Economy

According to Boston Consulting Group and Retailers Association of India, E-commerce market size for goods is expected to jump about five times to $40-50 billion by 2020. It added that the total internet users would also likely to jump to 650 million by 2020 from 260 million. The report said that the travel and electronics would account for 60 and 30 per cent of e-commerce sales by 2020 respectively.

Extracted from BS, Feb 10,’16

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