E-commerce Industry in India

The Indian e-commerce market is expected to have a gross merchandise value of US$ 350 billion by 2030.

Advantage India

Growing
Demand

* The Indian e-commerce industry is projected to reach US$ 300 billion by 2030, experiencing significant growth.

* Third-party logistics providers are anticipated to manage approximately 17 billion shipments within the next seven years.

* India has approximately 800 million internet subscribers, including about 350 million mature online users actively engaging in transactions.

Attractive
Opportunities

* India's e-commerce platforms achieved a significant milestone, hitting a GMV of US$ 60 billion in fiscal year 2023, marking a 22% increase from the previous year.

* The e-retail market in India is projected to surpass US$ 160 billion by 2028.

Policy 
support

* 100% FDI is allowed in B2B e-commerce.

* 100% FDI under the automatic route is permitted in the marketplace model of E-commerce.

Increasing
Investments

* The indigenous e-commerce giant Flipkart is poised to raise US$ 1 billion in a new funding round, with its parent company Walmart anticipated to contribute US$ 600 million.

* On August 25, 2023, Zepto, a two-year-old company, achieved unicorn status by securing US$ 200 million in funding.

* In October 2023, Tata Group announced a US$ 1 billion investment in its super app, Tata Neu, in addition to the US$ 2 billion previously invested in its digital division earlier that year.

Last updated: May, 2024

Major Hubs for E-commerce

  • Karanataka
  • Delhi
  • Maharashtra
  • Tamil Nadu
  • Andhra Pradesh

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India's E-commerce industry is expected to reach US$ 99 billion in size by 2024

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