šļøIndiaās e-commerce market is booming, projected to reach Rs. 29,88,735 crore (US$ 345 billion) by 2030 with a 15% annual growth rate. The market is driven by increasing internet usage, especially in rural areas, and changing shopping habits. Government initiatives, foreign investments, and technological advancements like 5G and AI are further fueling this growth.
šļøIndiaās e-retail market is projected to reach US$ 160 billion by 2028, driven by pandemic recovery and expansion potential. The market is expected to grow significantly, with over 300-350 million shoppers joining by 2028, boosting online GMV to US$ 100-120 billion by 2025. Factors like improved internet access, affordable shopping, and the rise of digital communities are driving this growth.
šļøE-commerce in India is rapidly expanding, particularly in Tier-2 and Tier-3 cities, driven by factors like improved logistics, localized content, and mobile commerce. The government is actively supporting this growth through initiatives like BharatNet, the Open Network for Digital Commerce (ONDC), and the Government e-Marketplace (GeM). These efforts aim to enhance connectivity, streamline regulations, and create a level playing field for all e-commerce players.
Credits: IBEF, Other Sources & Resources
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CHAPTERS
(00:00) Unpacking India's Booming E-Commerce Market Landscape
(04:16) Key Drivers and Foreign Investments Fueling E-Commerce
(08:24) How Technology and UPI Drive E-Commerce Growth
(11:17) Essential Factors Fueling India's E-Commerce Expansion
(13:30) Internet Penetration and Expanding Online Shopper Base
(16:15) Logistics, Mobile, and Payments: E-Commerce Engines
(19:44) Government Initiatives and ONDC's Impact on E-Commerce
(23:05) Final Thoughts and Podcast Community Engagement
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