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With a population of 1.21bn, you would think that India would be a massive market for e-commerce, but it is worth just $10bn.
By comparison, the US e-commerce market is worth $167bn while in China, with a population of 1.33bn, online retail was worth around $83bn.
This suggests that there is still plenty of room for growth, and this infographic from ReferralCandy has some useful stats on the barriers to growth...