Services
India’s E-commerce Market Set to Reach $325 Billion by 2030: Deloitte Report
TFW Bureau
Oct 09, 2024 - 1 min read
This 21% Compound Annual Growth Rate (CAGR) is a clear indication of Indian retail ecosystem undergoing a change that is being driven by digital revolution.
The Indian e-commerce landscape is undergoing a transformative evolution, with Deloitte’s latest report forecasting a monumental growth trajectory. The projection of reaching $325 billion by 2030 represents not just a number, but a fundamental shift in how India conducts commerce. This 21% Compound Annual Growth Rate (CAGR) signifies a digital revolution that’s reshaping the retail ecosystem.
The e-commerce sector’s projected 21% CAGR is driven by multiple factors like Digital Infrastructure Development, Consumer Behavior Evolution and Market Expansion Strategies
Retail sector will see a growth of 8% based on Omnichannel Integration and Customer Experience Enhancement.
FMCG Sector will witness growth at about 10% as it focusses on Innovation and Expansion and Distribution Network Enhancement.
