Ecommerce user base in India to outpace US in two years: Bain report

E-commerce in India is expected to grow at a rate of 25-30% annually for the next five years, with a steady increase in user base that is estimated to beat the second largest e-commerce shopper base – United States – in the next one or two years, according to a report by consultancy firm Bain & Co and homegrown e-tailer Flipkart.