E-tailing in India to touch USD 70 billion by 2020: Technopak

NEW DELHI: The total size of business of selling retail goods on the internet, commonly known as e- tailing, is set to touch USD 70 billion mark by 2020 in India, according to estimates of consulting firm Technopak.

E-tailing, which is around 6 per cent of the total e- commerce, is estimated to be around USD 0.6 billion in 2011 and growing at a CAGR of 70 per cent, it said.

The total e-commerce business in India, including other products and services such as travel and financial services, is estimated to be USD 10 billion at present and is expected to touch USD 200 billion mark by 2020.

"The coming years will see emergence of totally new sets of retailers in all formats, including hypermarkets, department stores, supermarkets, cash and carry, and specialty stores. However, these retailers shall be 'virtual' ones rather than physical ones," Technopak said.

Advanced market in developed countries accounted for about 85 per cent of the internet economy in 2005, but their share is estimated to have fallen to 70 per cent in 2010.

"It is estimated that emerging countries will account for more than half of the internet economy by 2020," it added.