Quartz: Bank Of America Projects Indian E-commerce Will Grow By 20 Times In The Next 10 Years

by MR Magazine Staff

Bank of America Merrill Lynch has raised its targets for gross merchandise value (GMV) of the Indian e-commerce industry over the coming years—just six months after it released its earlier estimate. The firm now expects the combined GMV—total value of goods sold through an online marketplace—of Indian e-commerce companies at $220 billion (Rs1,457,060 crore) by 2025, against its May estimate of $200 billion. Read more at Quartz.