Ecommerce made up about 0.76 percent of India's GDP in 2017. This was estimated to reach 0.9 percent in 2018. By being the second largest online market in the world after China, the country's rapid growth in the digital sphere, specifically following demonetization in November 2016 and the rise of the mobile payments market facilitates the opportunity for growth in the years to follow.
E-commerce as share of India's GDP in 2016 and 2017 with a forecast for 2018
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SAP. (January 2, 2019). E-commerce as share of India's GDP in 2016 and 2017 with a forecast for 2018 [Graph]. In Statista. Retrieved June 03, 2020, from https://www.statista.com/statistics/1102599/e-commerce-as-percentage-of-gdp-india/
SAP. "E-commerce as share of India's GDP in 2016 and 2017 with a forecast for 2018." Chart. January 2, 2019. Statista. Accessed June 03, 2020. https://www.statista.com/statistics/1102599/e-commerce-as-percentage-of-gdp-india/
SAP. (2019). E-commerce as share of India's GDP in 2016 and 2017 with a forecast for 2018. Statista. Statista Inc.. Accessed: June 03, 2020. https://www.statista.com/statistics/1102599/e-commerce-as-percentage-of-gdp-india/
SAP. "E-commerce as Share of India's Gdp in 2016 and 2017 with a Forecast for 2018." Statista, Statista Inc., 2 Jan 2019, https://www.statista.com/statistics/1102599/e-commerce-as-percentage-of-gdp-india/
SAP, E-commerce as share of India's GDP in 2016 and 2017 with a forecast for 2018 Statista, https://www.statista.com/statistics/1102599/e-commerce-as-percentage-of-gdp-india/ (last visited June 03, 2020)
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