Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.106)

106. 

According to the report by Bain & Company, which of the following country is the fastest growing e-commerce market?

[A]. Saudi Arabia
[B]. Malaysia
[C]. India
[D]. Argentina

Answer: Option C

Explanation:

According to the report, India's online retail market had a Compound Annual Growth Rate (CAGR) of 53% from 2013 to 2017. This rapid growth is due to heavily discount-driven e-commerce marketplaces, improvement in delivery infrastructure and increased smartphone penetration and data usage. India's total e-commerce retail sales in 2017 were nearly $20 billion. As per the studies, another $50 billion of online e-commerce could be introduced by adding new users and bringing back the currently inactive old users. India was in 8th rank in terms of online retail penetration among 11 countries.

K Naresh said: (Dec 20, 2018)  
Good, thanks for giving this action.

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