India - Future Warehouse of IT in the World

by Anuranjan Misra *

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However, the volume of e-commerce in India is far below the levels achieved in USA, which was about 1 percent of the total GDP in 1999. Further, the expected volume of e-commerce in India in 2001 (US $ 255.3 Million) is also below the levels expected to be achieved, which in comparison to Australia (US $ 3 Billion), China (US $ 586 Million), South Korea (US $ 876 Million) and Hong Kong (US $ 685 Million), is quite less.

Growth Rate of E-Commerce between 1997-2003

Growth by the Year 2008 in US Dollars (billion)

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Anuranjan Misra,
MCA, M.Tech. (CSE), LLB,
Currently working as Assistant Professor in Master of Computer Application Department at Academy of Business & Engineering Sciences (ABES), Ghaziabad.
Also pursuing Ph.D. from MNNIT, Allahabad,
Article posted on December 21, 2008.

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