Shoppers are buying electronics from India at an even faster rate than they did in 2017.
A report by the online commerce platform Indymog found that India shipped over $5 billion worth of goods worth $3 billion worth in 2017 alone, which is an increase of nearly 10% over 2016.
The top three sellers on Indymag’s platform were Walmart (WMT) and Kohl’s (KSS), followed by Target (TGT) and Walmart.com (WGC).
In 2017, India shipped $2.4 billion worth worth of electronic goods, up 10% from 2016, while the US shipped $1.9 billion worth, up 7%.
India is also the country that was the top buyer of luxury goods, with sales from luxury brands like Chanel (CAM) and Louis Vuitton (LRV).