The current valuation of the ecommerce market in India surpasses $100 billion and is poised to experience remarkable growth, projected to reach an impressive $400 billion or more by the year 2030.

The "State Of The Indian Ecommerce Report Q4 2023," powered by Simpl, indicates a substantial market potential for ecommerce in India, projected to exceed $400 billion by 2030. Furthermore, it is expected that the number of individuals engaging in online shopping will reach approximately 500 million by that time. The expansion of the ecommerce landscape in India can be attributed to various factors, including the growing accessibility of the internet, an expanding digitally literate population, and a notable rise in online expenditure.