India’s online grocery to hit $29 bn size in next five years from present $2 bn

E-commerce in India is expected to hit $99 bn in size with penetration of almost 11%. Indian e-comm market, for each of the next four years, will surpass US, China, the UK, Europe and Brazil, said a Goldman Sachs’s report. The growth in India, for the current fiscal, is expected over 18%. Online grocery to be the biggest incremental growth driver for e-com in next five years to be of $29 bn in size from $2 bn.

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