GLOBAL auction e-commerce company eBay Inc has set its sights on India’s e- commerce market, which is anticipated to grow over the next three to five years with the increased adoption of 3G technologies and mobile broadband networks, said its president and CEO, John Donahoe, in a recent interview with local media.
“I am very bullish on e- commerce in India. I think India is still in its early days, and the Indian e-commerce market [is] growing at 30% [annually],” he said.
Donahoe added that “as broadband gets more ubiquitous”, this would bring about a change in consumer behaviour, in terms of willingness and ability to shop online.
The eBay chief predicted that as with other parts of the world, India is going through the transition to mobile devices, where “people are accessing the Internet seven days a week, 24 hours a day”.