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.’