A report by the World Bank Group on Monday said that online retail sales in India is merely 1.6 per cent of total retail trade in the country.
It noted that in the neighbouring country of Bangladesh, too, the online sales a mere 0.7 percent of total retail sales, while that in China is 15 percent and around 14 percent globally.
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The report titled, “Unleashing e-commerce for South Asian Integration” jointly released by World Bank Group and Cuts International said that e-commerce can become a driver of growth across South Asia and boost trade between in the region, but its potential remains largely untapped.
Increasing the use of e-commerce by consumers and firms in South Asia could potentially help increase competition and firm productivity, and encourage diversification of production and exports, it said.
Source: Business Standard
