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‘India finest market for e-commerce growth’

As economy will double in next 10 years, e-commerce industry will also grow, says Kris Gopalakrishnan

Policy Pulse
Publish Date: Aug 29 2016 11:37AM | Updated Date: Aug 29 2016 2:50PM

‘India finest market for e-commerce growth’

 India is the best market for e-commerce growth as the industry is heading in the right direction, said Infosys co-founder Kris Gopalakrishnan has said.

 
"With GDP hitting 7.5 per cent and possibly 10 per cent in sometime, India is best market for growth of e-commerce. Increased mobile penetration will also help the industry grow," said Gopalakrishnan at an event in Bangalore.
 
He also pointed out that that India was a high growth market for e-commerce business, because of its 1.2 billion people as consumers, the software major's former chief executive said with increasing per capita income ($2,000), their aspirations too increased.
 
"As the economy will double in the next 10 years, the e-commerce industry will also grow," he observed at a panel discussion on ‘Are Indian e-commerce firms heading in the right direction.’