“BRIC will remain among the leading B2C e-commerce markets worldwide in terms of growth rates,” said yStats.com’s CEO and Founder Yücel Yelken, “as the online share of retail in the majority of these countries remains low.”

In Brazil, Russia and India, online sales as a percentage of total sales remain under 5 percent, Yelken pointed out, indicating much room for growth. Growth in China has decelerated, but it was astronomically high in the recent past, so yStats predicts growth rates in China will remain ahead of Brazil and Russia. India, however, is poised to grow faster than the other three. Internet penetration is low, but rising quickly, and just last week the Indian government paved the way for even more growth when it loosened its rules prohibiting foreign direct investment in e-commerce companies.

Read more here: http://cardnotpresent.com/news/default.aspx?id=15742