Mumbai, Sept. 7 (PTI): The country's e-commerce sector is expected to touch $28 billion by 2019-20 on an increase in the number of buyers and a stable annual spends per consumer, according to a report. "A gradual increase in shopper base, coupled with a steady rise in online spends can help e-tailers to reach a gross merchandise value of $28 billion by 2019-20. E-commerce will continue to find more takers, particularly as organised retail penetration remains limited in tier II and III cities, it observed. It noted that the growth in the e-commerce industry, which it estimates to be a compounded annual growth rate of 45 per cent over 2017-20, will be in line with the gradual improvements in household incomes and infrastructure development. "We believe the growth in e-commerce will be more gradual, in line with gradual improvements in household incomes and infrastructure development.

Source: The Telegraph September 07, 2016 20:43 UTC