India
India holds a promising future as well. Reports
collected from various sources indicate a buoyant market and growing
Internet penetration.
Internet Usage:
Until February 19, 2002,
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The
number of Internet users in India is forecast to reach
50 million by 2004.
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There
will be 7.7 million Internet subscribers in India in 2004,
up from about 1.5 million at the end of this fiscal year,
and from 1.1 million at the end of March last year.
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E-commerce:
Until October 14 2002,
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The
B2C market will grow at a Compound Annual Growth Rate
(CAGR) of 56 percent from 2001 to 2006.
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The
Indian B2B market will grow at a CAGR of 25 percent from
2001.
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The
B2B market will continue to account for the lion's share
of revenues over the next few years, however, the B2C
market will grow faster.
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