India’s e-commerce industry likely to reach $125-150 billion by FY20

India’s e-commerce industry is expected to reach $125-150 billion by FY20 on increased internet penetration, analysts at Care Ratings estimate. Cheap mobile data tariffs have aided internet consumption in the country, which is adding approximately 10 million daily active internet users each month. Internet subscribers are expected to increase to 830 million by 2021 from around 560 million as of September 2018, the firm said.