Indian ecommerce market to grow fastest globally over 3 years – Feedback

India received $6.6 billion in venture capital and private equity investment in 2015, a 50% increase from the previous year, which probably contributed to a steep growth in the gross merchandise value for ecommerce companies, Morgan Stanley said.

The GMV of the country’s top three ecommerce companies exceeded that of the top 10 offline retailers last year, it said. Since the Indian market has huge potential, the opportunities are making “the story compelling for global investors,” it said. The key growth drivers will be greater Internet penetration, a rise in the number of online shoppers and an increase in per capita income.

http://economictimes.indiatimes.com/industry/services/retail/indian-ecommerce-market-to-grow-fastest-globally-over-3-years-morgan-stanley/articleshow/51031652.cms

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