With an online population of 500 million in 2017, India has one of the fastest growing internet populations in the world. A compound annual growth rate (CAGR) of 13 per cent will take the number of online users to 720 million, close to where China is currently. The CAGR of the Indian online user growth is nearly four times that of global rate. The Indian e-commerce has seen a steady growth over the years from 2014 and is currently pegged at $53 billion. With a growth of 25 per cent, the Indian e-commerce industry is expected to cross the $100 billion mark by 2020.
SECTOR-WISE SPLIT OF THE MARKET
Proven value: Sectors which have grown to a good market size with decent online penetration
- OTAs
- Online ticketing
- Food delivery
- Cabs
Large potential: Those which have grown to a good market size but have very low online penetration. And hence there is huge growth expected here
- Groceries
- Fashion
- E-tailing
Emerging: These are the new upcoming sectors which have low market size very low online penetration but are growing at a much faster rate than others
- Hyperlocal
- Medicine delivery
Organic: These are sectors which have gained good online penetration and have achieved a good market size and hence further growth in these can happen only organically matrimonial
- Real estate classifieds
