The Growth of India's Internet Economy and E-commerce Sector
| Category | Details |
|---|---|
| Internet Economy Projection | India's internet economy expected to reach $1 trillion by 2030. |
| E-commerce Growth | E-commerce sector predicted to grow at 25% annually, from $60 billion in FY2023 to $325 billion, becoming the third largest globally by 2030. |
| Key Drivers | Mobile and internet penetration, rising disposable incomes, urbanization, and UPI adoption. |
| Demand from Tier-II & Tier-III Cities | Significant growth driven by demand in Tier-II and Tier-III cities, which were previously underserved. |
| Government Support | Strong digital and financial infrastructure established by the Indian government, with a focus on consumer protection and SME empowerment. |
| SME Support | E-commerce platforms enabling SMEs to sell domestically and globally through specialized programs. |
| Quick Commerce | Emergence of quick commerce with faster delivery models, especially in urban areas. |
| Consumer Trust | Investments in tools and processes to enhance customer trust and ensure a reliable shopping experience. |
| Broader Economic Context | E-commerce sector to play a crucial role as India moves towards becoming a $5 trillion economy, driven by technology, regulatory support, and evolving consumer behaviors. |