Electronic CommerceeMarketerfinancial technology

India’s e-commerce market will grow 30% year on year in 2020 From eMarketer

The following is the India’s e-commerce market will grow 30% year on year in 2020 From eMarketer recommended by recordtrend.com. And this article belongs to the classification: eMarketer, Electronic Commerce, financial technology.

India wants to strengthen control over cryptocurrency and e-commerce players

The Indian government is focusing on the regulation of cryptocurrency and e-commerce, which may bring significant changes to these two emerging industries.

India is likely to be one of the first major economies to ban cryptocurrency altogether. The government is proposing legislation to ban cryptocurrency, which will punish anyone who buys, holds or sells any form of digital currency. Users will have six months to clear their assets and then fine for encryption related activities. At the same time, the Indian government is developing its own national cryptocurrency framework to address concerns that existing cryptocurrencies are used for money laundering and terrorist financing.

India also plans a policy to promote equal treatment of sellers in the online market. Indian regulators want to implement policies that require e-commerce platforms such as Amazon and flipkart to avoid preferential treatment for sellers.

India has been digitizing its economy in recent years, making it a hot spot for payment providers and e-commerce players. The shift is driven by the growing popularity of smartphones and high-speed networks in India.

According to a McKinsey report, India had 560 million Internet users in 2018, which is expected to reach 750 million to 800 million by 2023. According to emarketer’s forecast, India’s e-commerce will grow by 30% year on year in 2020 due to the continuous growth of paytm and e-commerce participants.

India’s proposed digital currency ban could force existing encryption transactions to move elsewhere, causing them to Miss India’s growing encryption economy. Reuters estimates that about 8 million Indian consumers currently hold about INR 100 billion (US $1.35 billion) of encryption assets. The Indian government wants to shift this demand to its own cryptocurrency framework. At the same time, India’s proposed e-commerce measures may promote fair competition and bring prosperity opportunities to more local sellers, but may make it more difficult for companies such as Amazon to operate freely in the market.

More reading: emarketer: U.S. holiday e-commerce sales will increase by 11.3% in 2021 emarketer: global e-commerce sales are expected to reach $1.2 trillion in 2013 emarketer: global e-commerce sales will exceed $4 trillion in 2020 emarketer: U.S. online grocery sales will approach $90 billion in 2020 emarketer: U.S. e-commerce sales will increase by 31.8% in Q2 of 2020 emarketer : US retail sales will drop by 10.5% in 2020 emarketer: only 45% of consumers have bought perishable food online emarketer: US retail e-commerce penetration rate will exceed 80% in 2019 emarketer: China’s cross-border retail e-commerce sales will reach US $110.6 billion in 2017 South Korea Statistics Bureau: mobile e-commerce accounts for more than half of South Korea’s e-commerce sales South Korea Statistics Bureau: 2016 Q4 Chinese consumers’ cross-border online shopping of Korean goods exceeds US $500 million emarketer: data interpretation of the development status and future prospects of U.S. e-commerce emarketer: it is predicted that the global e-commerce consumption will reach US $1.5 trillion in 2014 emarketer: changes in the global B2C e-commerce market in 2013 emarketer: it is predicted that the retail sales of U.S. e-commerce will increase by 15% in the Christmas shopping season of 2013

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button