Study: E-commerce sector to see $120 bn revenue by 2020

New Delhi:  The country’s e-commerce sector is expected to see revenues of USD 120 billion by 2020 from USD 30 billion at the end of last fiscal, a report said. The increase would be mainly on the back of young demographic profile, rising Internet penetration and relatively better economic performance, the Assocham-Forrester study said.   “While in terms of base, India may be lower than China and other giants like Japan, the Indian rate of growth is way ahead of others. Against India’s annual expansion of 51 %, China’s e-commerce is growing at 18 %, Japan 11 % and South Korea 10 %,” the study noted.  About 75 % of the country’s online users are in the age group of 15-34 years since India is one of the youngest demographies globally and one out of every 5 (online user) visits the Indian Railways site, the report said.  Branded apparel, accessories, jewellery, gifts, footwear are among the major hits on the e-commerce platforms, it added.