capitalists and private equity investors put in $3 billion in India’s e-industry in 2014, showing that India’s $3.1billion e-commerce industry is really thriving. The size of the domestic e-commerce industry is poised to double to $6-billion by 2016. The year also marked an advent of veterans such as Ratan Tata, Chairman Emeritus, Tata Group, Wipro chairman Azim Premji and Infosys co-founder NR Narayana Murthy into the sector.
“Digital commerce is at a nascent stage in India. However, India is one of the fastest-growing e-commerce markets in Asia/Pacific,” said Praveen Sengar, research director at Gartner. “India represents a $3.5 billion market, growing at approximately 60-70 percent every year,” he said.