Photo Credit: Thinkstock

Indian e-commerce market to cross $200B GMV by 2025

By PTI
10 November, 2015

India’s e-commerce market is expected to witness significant uptrend in the coming years and touch USD 200 billion in terms of gross merchandise value (GMV), says a Bank of America Merrill Lynch report.

The global financial services major said the e-commerce sector’s GMV forecast is likely to increase on improving telecom infrastructure, faster adoption of online services and better variety and convenience and the number of shoppers is likely to touch 530 million.

“We estimate 2025 GMV now to be 10 per cent higher at USD 220 billion,” BofA-ML said in a research note, adding that “the faster and reliable 4G networks (due to higher capex by telco operators) would help accelerate online sales”.

BofA-ML further said “we expect structural changes to consumer usage patterns with increasingly consumers preferring to buy online at the expense of offline companies”.

“We are now raising our industry GMV forecasts on the back of improving telecom infrastructure, faster adoption of online services due to increasing awareness and better variety and convenience,” the report added.

According to the global brokerage firm, Flipkart, Amazon, Snapdeal (investee companies of the global titans Amazon, Softbank, Naspers and Alibaba) are likely to dominate the market.

Online festive sales this year were higher than last year, with the leading companies reporting 3-4 times higher sales compared to last year.

Further, the customer base was more broad-based with close to 50 per cent of the sales coming from outside top 6 cities (Canvaas-India survey).

Snapdeal and Amazon reported more than 60 per cent of their traffic from tier II and tier III cities.


Leave Your Comment
Flipkart targeting GMV run rate of $8B in 2015

Flipkart targeting GMV run rate of $8B in 2015

PTI 3 years ago
Homegrown online marketplace Flipkart is eyeing sales worth USD 8 billion (about Rs 50,000 crore) in 2015 in terms of total value of goods sold,...
What May Hurt Indian Internet & E-com Biz

What May Hurt Indian Internet & E-com Biz

Sandeep Aggarwal 1 year ago
Two years ago, as an Internet analyst based out of Silicon Valley (covering Google, Amazon, eBay, Yahoo! and all other global Internet majors), I wrote...
Myntra doing $400M in GMV, to turn profitable by 2016-17: Mukesh Bansal

Myntra doing $400M in GMV, to turn profitable by 2016-17: Mukesh Bansal

Manu P Toms 2 years ago
Leading online fashion retailer Myntra said it hopes to become profitable by 2016-17 as it phases out discounts and generates higher margins from apparel sale...
No Comments

Indian e-commerce market to cross $200B GMV by 2025

Powered by WordPress.com VIP