A recent research done by Forrester, a leading global research and advisory firm shows that by 2016, the e-commerce industry in India will be more
than five times the current size. The report says “India is set to grow the fastest within the Asia-Pacific Region at a CAGR of over 57% between 2012-16.”
There’s been an increase in the number of online shoppers as well as their online spend and many global brands too are coming in. All these factors will contribute to about 57% growth of the Indian e-commerce market by 2016. Comparatively, the mature e-commerce markets of Japan, South Korea, and Australia will have a CAGR of 11% to 12% over the next five years. According to this report, e-commerce sales in India will surpass $1 billion for the first time this year and reach $8.8 billion by 2016.