Sectors Contributing To India’s next $100 Billion Growth
According to the Boston Consulting Group (BCG)-Google India report, digital consumer spending in India is expected to rise to $100 billion from $40 million by 2020. The report that hit the surface on Thursday, marked the potential of the consumers to spend at a much greater level than they already are.
The report suggests, the growth in the upcoming years will be led by the increase in the market size of the following sectors :-
In E-commerce the market size will increase by consumer spending, more on Apparel & Consumer Electronics thus increasing the market size from $18 billion to $ 45 billion by 2020.
In Travel and Hotel, the market size will grow from $ 11 billion to $ 20 billion by 2020, specifically with the increase in the International air Travel.
In Financial S...