Local media quoted the report as saying that India had witnessed a strong rise in e-commerce activity over the past few years, as there had been a rapid growth of quick commerce platforms delivering goods in a very short time.
According to the report, e-commerce accounted for only 7-9 percent of India’s total retails (as of fiscal year 2023), and this share was expected to more than double to 15-17 percent by the year 2030.
The report cited two reasons for the next wave of growth in India’s e-commerce sector: the increasing entry of new segments like B2B (business to business) and commerce and building materials, and the rising demand for purchasing from e-commerce platforms in tier-2 and tier-3 cities.
“Monthly incomes in the tier-2 and tier-3 cities grew by 18 percent between 2023 and 2024, which is higher than the growth seen in bigger cities,” it added.
The report also suggested that e-commerce in India would go beyond simply disrupting traditional retail, and that it was expected to reshape the entire retail system, including areas like last-mile delivery and logistics.
