What is the e-commerce industry?
E-commerce is an emerging market with an enormous potential.
There is huge potential to be a huge growth driver in the ecommerce market and it is a very fast growing market.
So the question is, how big can the e commerce market be?
Here is the question.
Ecommerce is a growing market in India, with a strong penetration in retail, which is why India is seeing a lot of interest from e-Commerce companies.
The demand for ecommerce is not that high in India.
For instance, we have been talking to several e-Trade companies and they told us that eCommerce companies have not reached a huge penetration in India yet.
But they are trying their best to reach a lot more customers in the country.
In fact, one of the eCommerce leaders, Kunal Bahadur, said that ecommerce companies have to focus on growth and scale, which he said is very important in this market.
But the question remains what the size of the market is?
What is its growth rate?
And if you compare this to other markets like the US and Europe, the US ecommerce business is growing at about 4% per annum, while in Europe, it is growing around 5%.
So, there is a lot going on in the market.
There are more and more companies launching products and services in India as a result of this growing interest.
One of the biggest players is Snapdeal.
Snapdeal has about 7,500 employees in India and has an annual turnover of around $30 million.
The company’s revenue in India is $40 million, which has been growing at a rapid pace over the last three years.
The growth rate is even faster in Asia.
It is estimated that the global ecommerce industry has grown at a rate of around 5% per year over the past five years.
But, this growth rate of the Indian market is only around 1%.
So it is unclear if Snapdeal can grow into a major player in the Indian ecommerce ecosystem.
What do you think about Snapdeal’s growth?
Do you think the company can become a major eCommerce company in the near future?