Reliance's JioMart could become India's fastest growing e-commerce player

Photo: Reuters

Reliance Industries Ltd’s JioMart, launched in May, could become the fastest-growing e-commerce platform in India, challenging Amazon India and Flipkart, analysts said.

According to Goldman Sachs, RIL’s online gross merchandise value (GMV) will reach $35 billion in FY25 with a 31% share of the e-commerce market from around 1% now. GMV is the total value of merchandise sold over a given period and is a measure of growth.

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