Growth In Indian E-Commerce

Business Line reports the growth in Indian E-commerce :

INDIA is expected to log the highest compounded annual growth rate (CAGR) of 83.7 per cent among Asia-Pacific countries in e-commerce revenues between 2003-08, even exceeding the growth rate displayed by neighbouring China in the five-year period, according to research firm IDC.

"On a country-by-country basis, India is expected to show the highest CAGR of 83.7 per cent in e-commerce revenue from 2003 to 2008, thus marginally exceeding the CAGR of 81 per cent expected in China," according to IDC's forecast on Asia Pacific internet market.