India's rising online retail sector spurs 400% annual growth at Snapdeal

03/31/2013 | Business Standard (India)

Indian online retailer Snapdeal has booked 400% year-over-year sales growth in each of the past two years, and the merchant expects to hit another milestone in 2013 as e-commerce continues to grow in popularity among India's consumers. E-commerce in India more than doubled to an estimated $14 billion last year, according to independent forecasts.

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