COMPOUND Annual Growth Rate (CAGR) of 53% from 2013 to 2017. This rapid growth is due to heavily discount-driven e-commerce marketplaces, improvement in delivery infrastructure and INCREASED smartphone penetration and data USAGE. India's total e-commerce retail sales in 2017 were nearly $20 billion. As per the studies, another $50 billion of online e-commerce could be introduced by adding new users and bringing back the currently inactive old users. India was in 8th rank in TERMS of online retail penetration among 11 countries.

"> COMPOUND Annual Growth Rate (CAGR) of 53% from 2013 to 2017. This rapid growth is due to heavily discount-driven e-commerce marketplaces, improvement in delivery infrastructure and INCREASED smartphone penetration and data USAGE. India's total e-commerce retail sales in 2017 were nearly $20 billion. As per the studies, another $50 billion of online e-commerce could be introduced by adding new users and bringing back the currently inactive old users. India was in 8th rank in TERMS of online retail penetration among 11 countries.

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According to the report by Bain & Company, which of the following country is the fastest growing e-commerce market?

Current Affairs National in Current Affairs . 11 months ago

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According to the report, India's online retail market had a COMPOUND Annual Growth Rate (CAGR) of 53% from 2013 to 2017. This rapid growth is due to heavily discount-driven e-commerce marketplaces, improvement in delivery infrastructure and INCREASED smartphone penetration and data USAGE. India's total e-commerce retail sales in 2017 were nearly $20 billion. As per the studies, another $50 billion of online e-commerce could be introduced by adding new users and bringing back the currently inactive old users. India was in 8th rank in TERMS of online retail penetration among 11 countries.

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Posted on 02 Aug 2024, this text provides information on Current Affairs related to National in Current Affairs. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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