"The Q4 2023 edition of the "State Of The Indian Ecommerce Report" (powered by Simpl) reveals a substantial market potential for ecommerce, projected to exceed $400 billion by 2030. This report provides an in-depth examination of the flourishing ecommerce scenario in India . Furthermore, expectations suggest that the count of online shoppers is poised to reach approximately 500 million by that time. The sector's growth over the years can be attributed to factors like expanding internet access, a growing digitally literate population, and heightened online expenditure."
The Indian e-commerce sector currently holds a valuation exceeding $100 billion and is anticipated to achieve an impressive milestone, surpassing $400 billion by the year 2023.
Updated: Dec 29, 2023
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