Indian e-commerce market to touch $84 billion in 2021: Report

New Delhi: The fast growing e-commerce market in the country will touch USD 84 billion in 2021 from USD 24 billion in 2017 on account of a healthy growth in organised retail sector, a report said Tuesday. A fast growing economy and robust demographics provide a positive outlook to the consumer businesses in India, the report by Deloitte India and Retail Association of India said.
These factors will fuel the retail market growth in the country, making India the third largest retail market in Asia and fourth largest in the world, it said.
The retail market in India is expected to grow to USD 1.2 trillion by 2021 from USD 795 billion in 2017, it said.