India E-Commerce Market 2023 | Industry Share, Size and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “ India E-Commerce Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The study provides a detailed analysis of the industry, including the India e-commerce market size, share, trends, and growth forecasts. The report also includes competitor analysis and highlights the latest advances in the market.

Report Highlights

How big is the India ecommerce market?

The India e-commerce market size reached US$ 71.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 358 Billion by 2028, exhibiting a growth rate (CAGR) of 30.2% during 2023-2028.

What is India Ecommerce?

E-commerce, usually referred to as online commerce, describes the exchange of products and services through the internet. Customers can purchase a variety of goods from it, such as gadgets, food, smart watches, shapewear, basics for good skincare, and health and beauty products. By giving potential customers simple access, it has become a popular tool for businesses to boost their visibility and reach. It can be accessed through various devices such as smartphones, laptops, tablets, and computers, making it convenient for users to shop anytime and anywhere. It also offers numerous benefits, such as speedy delivery, direct communication between parties, flexibility for customers, cost reduction, wider reach, higher profit margins for sellers, instant response to market demands, and multiple payment options. As a result,

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What are the growth prospects and trends in the India e-commerce industry?

The growing adoption of smartphones and high-speed internet in India is the main factor driving the country's e-commerce business. Additionally, the imposition of lockdowns and mobility restrictions in response to the COVID-19 epidemic is introducing new buyers and sellers to the convenience of online buying, which is favourably boosting market growth. Additionally, the growing need for necessities and the widespread acceptance of digital payments have fueled industry expansion. Furthermore, several favorable initiatives taken by the government of India, including the launch of various programs like Digital India, Make in India, Start-up India, Skill India, and Innovation Fund, to promote the growth of e-commerce in the country, are contributing to the market growth. Other factors, including the increasing influence of social media on consumer shopping habits, rapid digitization, and inflating disposable incomes, are also anticipated to drive the market further.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Breakup by Transaction:

Breakup by Payment Mode:

Breakup by Region:

Competitive Landscape:

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