Indian e-commerce to be worth $20 billion by 2015: Report

The report said currently online travel dominates the e-commerce market but in the future, e-tailing will drive the growth.

NEW DELHI: The e-commerce market in the country is expected to grow 37% to reach $20 billion by next year on the back of growing internet population and increased online shoppers, a report has said.

"E-commerce in India is a $11 billion market, and is estimated to reach $20 billion by 2015, growing at a CAGR of 37% over 2013-15," Motilal Oswal Securities said in its report on e-commerce
.