India's e-commerce market is expected to reach over $160 billion by 2028, up from an estimated $57-60 billion in 2023. Online retail has accelerated after COVID-19, with the market expanding by $8-12 billion yearly since 2020, according to the How India Shops Online 2023 report by Bain and Co., in...
India’s ITC’s Online Sales Zoom 400% From Pre-Covid-19 Levels
Backed by strong e-commerce platforms, Kolkata, India-headquartered ITC Limited, a consumer goods major, grew its online channel rapidly in financial year 2022-23. Data from its recently released annual report shows that ITC’s sales through e-commerce channels surged faster than the market average, and stood at approximately five times of the...
India Logistics Ecosystem Develops Localized Solutions
Largely driven by the spread of Internet users, India, is on its way to becoming the largest e-commerce market in the Asia Pacific region. But India's logistics challenges and processes are unique and western systems don't always translate to success in India. With mobile devices becoming increasingly more affordable and...
India’s eCommerce Buyers to Surpass the U.S. Shortly
According to a report by Boston consultancy firm Bain & Company, India's online shopper base which was at 180-190 million in 2021, will increase to about 400-450 million in 2027, when it will be valued at over $150 billion. The report pegged the e-commerce market at $50 billion in 2022,...
e-Commerce Spending in India to Hit $300 Bn by 2030
According to a report from the Boston Consulting Group (BCG), the shift toward online commerce was accelerated by three to four years during the last two years of the pandemic. BCG says they studied over 800,000 online transactions made by 10,000-plus consumers from across 40 metros and tier- 4 cities,...
Personal Care Sales Drive Indian E-Commerce up 36 percent in Q4
The last quarter of 2020 saw e-commerce order volume growing by 36 percent in India with the Personal care, Beauty and Wellness segment being the biggest beneficiary, according to Unicommerce and AT Kearney. While consumers in major cities in India were drawn to online shopping a few years ago, 90...