e-Commerce industry likely to be worth USD 38 billion by 2016

Q.  e-Commerce industry is estimated to be worth USD 38 billion by 2016 according to which industry body?
- Published on 04 Jan 16

a. FICCI
b. ASSOCHAM
c. PHDCCI
d. None of the above

ANSWER: ASSOCHAM
 
This is a 67% jump over USD 23 billion revenue for 2015 as per industry body ASSOCHAM. Indian e-commerce market was worth USD 3.8 billion in 2009 and went up to USD 17 billion in 2014 nd USD 23 billion in 2015. It is expected to touch USD38 billion mark by 2016. Enhanced internet and mobile penetration as well as increased acceptability of online payments and desired demographics will provide the e-commerce sector a chance to connect with customers. ASSOCHAM predicts a 5 to 7 fold increase in revenue generated via e-commerce.

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