Sorry, no forthcoimg events in this category!
Sorry, no past events in this category!
No news in this category!!
The global retail industry was expected to reach over UDS 22 trillion in 2014 of which around USD 1.316 trillion is from e-commerce sales. India is the world’s fifth-largest global destination in the retail sector. The sector is emerging as one of the prime sectors in the economy. By 2015, the total market size was projected to be around USD 600 billion and advance to USD 1.3 trillion by 2020.
India is expected to become the world’s fastest growing e-commerce market, driven by robust investment in the sector and rapid increase in the number of internet users. The Indian retail industry in the single-brand segment has received Foreign Direct Investment (FDI) equity inflows aggregating US$ 344.9 million during April 2000–September 2015, according to the Department of Industrial Policies and Promotion (DIPP).
Indian e-commerce revenue reached USD 14 billion in FY 2015 and is are expected to reach USD 55 billion by FY 2018. The growth of the sector is led by faster speeds on reliable telecom networks, faster adoption of online services and better variety as well as convenience.
India’s price competitiveness attracts large retail players to use it as a sourcing base. Global retailers such as Walmart, GAP, Tesco and JC Penney are increasing their sourcing from India directly from Indian business houses and removing intermediaries from the chain.