Economic Survey Forecasts E-commerce Industry Growth in India
Monday, 22 July 2024, 08:33
E-commerce Industry Growth
The Indian e-commerce industry is projected to exceed $350 billion by 2030, as outlined in the latest Economic Survey.
Modern Retail Projections
- The share of modern retail, which includes e-commerce, is expected to grow.
- Through the next 3-5 years, modern retail is forecasted to reach 30-35% of total retail.
Conclusion
This significant growth reflects the evolving landscape of the Indian retail market, providing opportunities for various stakeholders and reinforcing the importance of the e-commerce industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.