India's Fast-Growing E-Commerce Has Major Impact On Local, International Markets

India’s $16 billion e-commerce market is the fastest growing in the world. Although smaller than other markets, India has attracted large e-commerce companies, including U.S.-based Amazon and China’s Alibaba, which compete with domestic  firms. Also, India’s e-commerce market is likely to cause three significant changes in socio-economic conditions: it can speed up financial development; e-commerce companies can help overcome the country’s infrastructure limitations and its vast geography; and it can have a big impact on the country’s retail segment.