India is the fastest growing retail e-commerce industry worldwide. It will reach to US$ 200 billion by 2027. The online retail market in India will grow to US$ 73 billion by 2022. The Indian B2B e-commerce market is estimated to reach $ 700 billion by 2020. Government allows 100% FDI owned e-commerce marketplace.
Although the impact is not much on e-commerce industry sector due to COVID19, they still suffer a loss aggregating US$ 400 million in a week due to lockdown. It will further reach to US$ 1 billion.
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