5.5.15

E-tail mkt may hit $50bn by 2020

India's e-tail market is expected to grow 10 times from its current level to $50 billion by 2020, primarily driven by better internet penetration and higher incomes, said a report by UBS on Monday.The Internet & Mobile Association of India (IAMAI) estimates that the overall Indian e-commerce market, of which e-tail is a segment, is currently worth $16 billion.

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