Advantage India
Growing
Demand
* The Indian Beauty and Personal Care (BPC) market is experiencing rapid growth, projected to reach a GMV of Rs. 2,60,610 crore (US$ 30 billion) by CY27. This represents 5% of the global beauty industry. The market is expanding at an annual growth rate of around 10%, making it the fastest-growing BPC market among major economies.
* India's Business-to-Business (B2B) online marketplace would be a US$ 200 billion opportunity by 2030.
Attractive
Opportunities
* India's e-commerce platforms achieved a significant milestone, hitting a GMV of US$ 60 billion in FY23, marking a 22% increase from the previous year.
* In FY23, social commerce significantly transformed traditional retail and e-commerce in India, with projections indicating a growth rate of 31% CAGR, reaching US$ 37 billion by FY25.
* The Indian e-commerce market is projected to grow from US$ 125 billion in FY24 to US$ 345 billion in FY30.
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.
* Google LLC is investing US$ 350 million in Flipkart as part of a nearly US$ 1 billion funding round led by Walmart Inc., Flipkart's majority stakeholder, with the investment aimed at expanding Flipkart's business and modernizing its digital infrastructure to serve customers across India, and the two companies also plan to increase Flipkart's use of Google's cloud platform.
Related News
MOREMajor Hubs for E-commerce
- Karnataka
- Delhi
- Maharashtra
- Tamil Nadu
- Andhra Pradesh
Industry Contacts
IBEF Campaigns
MORE
Aatmanirbhar Bharat Utsav 2024
Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...
Case Studies
MOREShaping the Future: How PM Ujjwala Yojana is Addressing India's Energy Needs
India, with its large population and diverse socio-economic conditions, has long struggled to ensure clean and affordable energy access for all, espec...
India's Electronics Sector: Pathway to Global Value Chain Integration
Electronics manufacturing plays an essential role in the global supply chain, fuelling everything from electric cars on the road to smartphones in our...
Affordable Luxury: Understanding Premiumisation and Evolving Consumer Preferences
The concept of "Affordable Luxury" is critical in the Indian context. Unlike traditional luxury, which caters to an elite niche, affordable ...
IBEF BLOG
MORE
India's Growing Influence in the Global ER&D Sourcing Market
The global ER&D (Engineering Research & Development) market was val...
India's Space Exploration Journey: From Pioneering Missions to Mars-Moon Analogue Missions
India’s space exploration journey has been extraordinary. Born out of...
Fashion Forward: An Analysis of India's Growing Apparel Market
India's apparel market is transforming remarkably, characterised by vib...
Partners
