India e-commerce market is projected to exhibit a considerable CAGR of 25.9% during the forecast period (2019-2025). India is the second-most populous country across the globe. The population of India was 1.35 billion in 2019 as per the World Bank. The growth in the economy and economic workforce supports the adoption of online services that contributes to the e-commerce market. India is considered as one of the fastest-growing economies across the globe. The growing economic condition of the country is the key contributor to strong e-commerce industry growth in the country, with the potential to facilitate domestic and foreign trade and promote global competitiveness.
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According to the World Bank, the GDP of the country was valued at $2.8 trillion in 2019, which has exhibited a growth rate of 5.0% in 2019. Moreover, the per capita GDP growth of the nation was estimated at 4.0% in 2019. Growing per capita income has contributed to the significant adoption of online retailing. The growth of e-commerce industry is driven by continuous efforts of the Indian government and its digital transformation programs such as ‘Make in India’, and the introduction of Goods and Services Tax (GST), improvement in infrastructure through the Sagarmala and Bharatmala initiatives, Dedicated Freight Corridors, E-way bill, and Dedicated Port Delivery. Such initiatives have influenced the growth of the e-commerce industry in the country.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2018-2025 |
|
Base year |
2018 |
|
Forecast period |
2019-2025 |
|
Segments Covered |
By Product Type |
|
Key Companies Profiled |
AJIO, Amazon.com, Inc.,
eBay Inc., Flipkart, Future Group, Metro Cash and Carry, Paytm.com, Snapdeal
Pvt. Ltd., Spencer’s Retail, Walmart Inc. |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID
o Most affected region/segment
o Recommendations
India E-Commerce Market – Segmentation
By Product Type
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