India's Ecommerce Sector Set to Skyrocket to $325 Billion by 2030
| Aspect | Details |
|---|---|
| Projected Ecommerce Growth | India's ecommerce sector is projected to reach $325 billion by 2030. |
| Current Market Size | Currently valued at $70 billion, accounting for 7% of India's total retail market. |
| Digital Economy Projection | India's digital economy is expected to hit $800 billion by 2030. |
| Key Growth Drivers | Increased internet penetration, affordable internet services, and rising smartphone usage. |
| Rural India's Role | Rural India, including tier 2-4 towns, will drive significant demand by 2026. |
| Government e-Marketplace | GeM recorded a Gross Merchandise Value of $2011 billion in FY 2022-23. |
| Smartphone Penetration | Over 80% of India's population will have smartphone access by 2026. |
| UPI Transactions | UPI facilitated transactions worth $1.5 trillion in 2022. |
| Quick Commerce Market | Expected to grow to $5.5 billion by 2025. |
| Key Players in Quick Commerce | Swiggy, Zomato, and startups like Zepto are leading the market. |
| Government Initiatives | Schemes like Jan Dhan Yojana, BharatNet Project, and GST are shaping the digital economy. |