Nasscom has for the first time included revenues from the e-commerce segment in the sector which it has projected to grow by 33% in FY15. According to Nasscom, the e-commerce domestic revenues is expected to touch $14 billion in FY15 against $10.5 billion in FY14. The majority of players in the segment come under retailing followed by travel & ticketing, classifieds, financial services and others.
The key drivers for this high-growth segment have been the internet user base of 278 million and mobile internet base of 173 million which is projected to grow 2x to 480 million by 2017. According to Nasscom, there is an untapped consumer market like the 30% of the e-commerce sales coming in from the tier 2 and 3 cities. It said the local level consolidation and presence of global player has also impacted industry dynamics.
On the tax issues faced by few e-commerce companies, Nasscom president R Chandrasekaran said, “We have separate council for e-commerce and they are getting collective opinion from various participants on working with the government. In fact, this is something we have discussed with government also in the recent budget discussion.”