India’s ecommerce market on an aggressive growth track

India's ecommerce market is expected to witness significant uptrend in coming years and touch 200 billion dollars (over Rs 13 lakh crores) in gross merchandise value (GMV), says a Bank of America Merrill Lynch (BofA-ML) report. The global financial services company said that the ecommerce sector's GMV forecast is likely to increase on improving telecom infrastructure, faster adoption of online services and better variety and convenience and the number of shoppers is likely to touch 530 million.