E-commerce sector to grow 17% with $38.5 bn GMV in FY18


New Delhi, Feb 20: E-commerce sector is expected to grow by 17 percent in gross merchandise value (GMV) at USD 38.5 billion during the financial year 2018, IT industry body Nasscom said in its outlook for the year on Tuesday.
The growth is being led by an increase in the demand for online hotel booking and online food and grocery delivery.
The global digital spend is expected to increase to USD 310 billion in 2018 from USD 180 billion in 2017, reporting a 20 percent growth.