Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
2-min read

India's E-commerce Market to Surpass $100 billion by 2022: Report

According to the report by industry body Nasscom and PwC India, the e-commerce market is worth about $35 billion at present.

PTI

Updated:September 7, 2018, 6:17 PM IST
facebookTwittergoogleskypewhatsapp
India's E-commerce Market to Surpass $100 billion by 2022: Report
Debjani Ghosh Nasscom President (Image: Facebook)
New Delhi: India's e-commerce market is set to grow three times to surpass $100 billion by 2022 and may trigger over a million jobs in the coming years, a report said Friday.

According to the report by industry body Nasscom and PwC India, the e-commerce market is worth about $35 billion at present. E-tail and e-travel will continue to hold their sway with over 90 per cent share of e-commerce while online financial services will experience the fastest growth, the report said.

It also noted that e-commerce can potentially create one million plus jobs by 2023.

"The Indian e-commerce market of $35 billion is expected to grow at 25 per cent in the next five years and exceed $100 billion by 2022," it said.
It noted that three out of four online customers are expected to come from tier II markets and beyond.

"A vast majority of them will be relatively less tech-savvy, seek greater transparency from brand and prefer consuming content in local languages," the report said.

It said that next 100 million customers will be "very different" from the existing 50 million and therefore, e-biz players "must Make in India".
The report underlines the need for "harmonisation" in the e-commerce policy framework that enables the growth of the sector.

The middle class will form the biggest chunk of Indian population and, in the next few years, is likely to consume just as much as their Chinese counterparts do today. Their consumption pattern is expected to eventually supersede that of both the US and China, the report said.

"To experience exponential growth in the next phase, existing barriers pertaining to language, tech usability, logistics and regulatory compliances will have to be removed," the report added.

Nasscom President Debjani Ghosh said, over the next five years, the sector has the potential to create a million jobs in allied industries such as logistics, warehousing, and others.

"The e-commerce sector has been contributing towards various macroeconomic growth parameters, evangelising local businesses and customers...In addition, the FDI attracted enhances the country's positioning significantly on the global stage," Ghosh said.

E-commerce companies have to focus on building loyalty which will translate into repeat sales, she added. The report was titled Propelling India towards global leadership in e-commerce'.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Naqshib Nisar
Read full article
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
SBI 352.20 3.25
Reliance 1,367.40 2.01
IndusInd Bank 1,600.15 5.35
ICICI Bank 416.80 2.82
Yes Bank 137.55 -2.45
Company Price Change %Gain
Larsen 1,519.00 4.00
SBI 352.35 3.37
Reliance 1,367.40 1.99
Yes Bank 145.10 5.37
Adani Enterpris 169.40 7.25
Top Gainers
Company Price Change %Gain
Adani Ports 412.35 6.84
Yes Bank 144.90 5.34
IndusInd Bank 1,600.15 5.35
Zee Entertain 359.60 5.08
BPCL 400.45 4.22
Company Price Change %Gain
IndusInd Bank 1,600.80 5.49
Yes Bank 144.90 5.23
Larsen 1,517.25 3.88
SBI 353.25 3.64
ICICI Bank 416.45 2.70
Top Losers
Company Price Change %Gain
ITC 292.35 -2.47
Hindalco 194.95 -1.54
Eicher Motors 20,963.05 -1.23
Vedanta 164.45 -1.11
HDFC Bank 2,384.30 -0.89
Company Price Change %Gain
ITC 292.10 -2.49
Vedanta 164.45 -1.20
Tata Motors 177.90 -0.86
HDFC Bank 2,384.90 -0.84
TCS 2,066.75 -0.77

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results