The Ontario government is holding a free webinar on the Indian e-commerce market, local e-marketplaces and enabling services, which will assist Ontario companies to make informed decisions, formulate a market-entry approach and mitigate risks. India is the fastest growing e-commerce market in the world and is expected to grow at 1,200 percent by 2026. The Indian e-commerce market is predicted to reach U.S.$84 billion by 2021 and U.S.$200 billion by 2026. An increase in Internet and smartphone penetration, 4G networks and rising consumer wealth are fueling e-commerce in the country. The most popular segments include electronics; apparel; home and furnishings; baby, beauty and personal care products; and books. Currently, India sees 1 million to 1.2 million transactions per day in online retailing. As a follow-up to the webinar, the Ontario government will organize B2B meetings between selected Ontario and Indian companies.
Opportunities in India’s eCommerce Market