Value e-commerce in India to touch $40 billion by 2030: Report
The Hindu
The expanding digital footprint in tier III and IV areas as well as in rural India, along with the aspirational needs of these consumers and their changing attitudes towards online buying present a massive opportunity, the report noted.
The value e-commerce market in India is expected to touch $40 billion by 2030, up from $4 billion in 2019, driven by a rapid increase in internet user base and as more people embrace online shopping, a report by Kearney said. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) The expanding digital footprint in tier III and IV areas as well as in rural India, along with the aspirational needs of these consumers and their changing attitudes towards online buying present a massive opportunity, as per the report titled, 'Value e-commerce: the next big leap in India's retail market'.
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