If you are a Brand and not present online than it’s really important that you learn about eCommerce as soon as you can because it’s growing rapidly.
In the last few years, eCommerce has changed the way we do business in India. In 2017 Indian eCommerce revenue was $38.5 billion and is expected to jump 3x by 2020. It is growing at an annual rate of 51 percent, and the highest in the world.
The fastest growing eCommerce industry in India has been triggered by the penetration of the Internet and smartphones. Apart from this, having fast network technology in future like 4G, 5G, and Gigafibers, will give the overall reach of eCommerce to the people in a profound way.
Considering current market trends and other positive factors, we can predict a great future of the Indian eCommerce market. This is a great opportunity for brands to sell their products online through various eCommerce channels.