Question : Growth of e-Commerce

(a) whether it is true that e-commerce is growing very fast in the country and if so, the details thereof;

(b) whether the Government has collected data of e-business development in the country and if so, the details thereof during each of the last three years;

(c) whether the Government has put in place any mechanism to monitor the e-commerce related issues in the country and if so, the details thereof; and

(d) the details of the total contribution of e-commerce to the Indian economy during the said period?

???????? ??? ?????? ???????? ??? ???????????? (???? ??.??. ?????)
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY
(SHRI C.R. CHAUDHARY)

(a),(b)&(d): As per the Economic Survey 2017-18, the electronic commerce (e-commerce) market in India is estimated at USD 33 billion, with a 19.1 percent growth rate in 2016-17. As per ‘National Association of Software and Services Companies’ (NASSCOM) “Propelling India towards global leadership in e-commerce” 2018 report, Indian e-commerce market was USD 11 billion in 2012 and reached USD 36 billion with ‘Compound Annual Growth Rate’ (CAGR) ~27% in the FY 2017. Further, it is estimated that it will reach USD 105 billion by 2022 with CAGR ~24%.

(c): e-Commerce activities are governed by relevant Acts/ Regulations in the country including Information Technology Act, 2000, Companies Act, 2013, Consumer Protection Act, 1986 and Competition Act, 2002. E-Commerce companies with Foreign Direct Investment are also governed by Foreign Exchange Management Act, 1999.

********