Assocham survey pegs e-com industry at around Rs 2,51,720 cr

It’s boom time for India’s e-commerce market. Assocham has released new data which states that the industry will be worth 38 billion dollars (Rs 2,51,720 crores) by 2016, which will be a 67 per cent jump over the 23 billion dollars (Rs 1,52,357 crores) revenues for 2015. In 2009, the e-commerce market was worth 3.8 billion dollars (Rs 25,172 crores), in 2014, it went up to 17 billion (Rs 1,126,11 crores) dollars and in 2015, it was 23 billion dollars (Rs 1,52,357 crores).