Country's e-commerce sector is likely to see revenues of $120 billion by 2020 from $30 billion at the end of last fiscal, a report has said.
Rise would be on back of rising Internet penetration, young demographic profile and better economic performance, the Assocham-Forrester study said.
India's e-commerce sector saw revenues of $ 30 billion at close of the financial year 2015-16. It is expected to reach $ 120 billion by 2020, it said.
"While in terms of base, India may be lower than China and other giants like Japan, the Indian rate of growth is way ahead of others. Against India's annual expansion of 51 per cent, China's e-commerce is growing at 18 per cent, Japan 11 per cent and South Korea 10 per cent," the study added.
Report also said that India has an Internet user base of 400 million in 2016 while Brazil has 210 million Internet users and Russia 130 million, among the BRICS nations.