It is scheduled to be the fastest growing e-commerce market in the world, according to Forrester Research, with 29.2% forecasted growth. With the e-commerce market at $27 billion today, some projections suggest it could be a $200 billion market in a decade and an overall economy that could surpass Japan during this same time period. With Walmart and Amazon being out maneuvered by Alibaba in China, this becomes the most fertile market in the world for future growth. By most reports, Amazon has become the number one e-commerce player in India with Flipkart number two. For Walmart, this is a dramatic example of a shift away from brick and mortar (Asda) into a huge potential on-line growth market like India.

Source: Forbes May 03, 2018 15:10 UTC