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

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.

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