Ecommerce sales to touch $760 Crore in 2015: eMarketer India

Retail ecommerce sales in India are required to grow by 45 per cent to $760 crores in the not so distant future, research firm emarketer said.

The country had seen retail ecommerce sales of $5.3 billion last year, as indicated by emarketer estimates of digital and block and-mortar retail sales far and wide.

Retail ecommerce sales, including all items requested over the Internet aside from travel, will grow 45.2 per cent to $760 crores in the not so distant future, it included.

ecommerce has taken India by a storm and can possibly grow further with the Indian government, firms and financial specialists attempting to gain by its ubiquity.

Last year saw huge financial specialists from India and abroad putting their cash on different e-business ventures, which got funds to the tune of $3 billion from people, organizations and private equity firms.

The industry players anticipate that the fund inflows will proceed with, or may be get stronger in 2015 too.

A report by consulting firm Technopak pegs the $2.3 billion e-tailing business sector to reach $32 billion by 2020.

An alternate report by consultancy firm Pwc and industry body Assocham recommends that ecommerce firms are relied upon to use up to USD 1.9 billion by 2017-2020 on base, logistics and warehousing.