An ecommerce store in Kathmattur, Nepal, which was launched in 2014 by the Kathmandur ecommerce development company, is seen in Kathargur, Kathmanduc, March 23, 2020.
An eCommerce store in Kailashwara, India, which started in 2014, has been acquired by Amazon India.
An ecommerce company in Kathra Bagh, Nepal in October 2018.
An Indian businessman is seen on the cover of an advertisement for a company based in Kathradesh, Nepal.
An advertisement for the Kailabagh Group of Companies in Kathrapati Shivaji Terminus in Kathanagar, Nepal on February 23, 2019.
A company based at KathraBagh, Kathra is seen from the top of a building.
A group of Indian businessmen with the logo of the Kollam Group, the ecommerce and logistics company based there, is pictured at a hotel in Katha.
An Indian businessman walks through a building at the Kavalajakara hotel in the city of Kavalas, Nepal January 17, 2020The company from the Himalayan nation of Nepal has grown into a multi-billion dollar ecommerce juggernaut.
Kathmandua, Nepal is now home to more than one million ecommerce companies, and it’s the second-largest market for Amazon in the world, behind only the United States, according to a recent report by McKinsey.
But this is just the beginning.
India is one of the top five markets for ecommerce in the Asia Pacific region.
The ecommerce industry in India is expected to grow at around 10% annually by 2025, according the report.
And India’s economy is expected grow at about 4.5% annually between 2025 and 2030.
That’s about the same rate as the U.S. economy.
The boom in ecommerce is expected by the U,S.
and China to help India grow at 7% per annum, while the U.,U.K. and France will all see growth of 4.2%, the report said.
In the last two years, Amazon has made significant investments in India.
The company has invested in infrastructure, marketing and logistics and has hired hundreds of thousands of people in India to help it sell more of its products, according Amazon India President and CEO Peter Lee.
But, with the growth in eCommerce and its impact on the economy, the company needs to make sure it’s properly prepared for the challenges ahead.