Top E-commerce Statics in india
Increasing popularity of smart phones, growing influence ecomerce trends and affordable data plans are some factors that the booming Indian e-commerce industry as well as e-retail owes it success to. This Increase in Use of Internet has now Made India the 2nd Largest internet Market. India E-commerce Market is expected to grow at an annual average rate of 11.45% from INR 4,416.68 billion in FY2020 to reach INR 7,591.94 Billion by the end FY2029 UPI transactions touched INR 125.94 trillion in 2022, and this was from a user base of over 800 million users. Forecasted 501.6 million e-commerce users by 2029.
Key Ecommerce Statics of India
- E-commerce revenue in India has been on the upswing and crossed $38.5 billion last year.
- India is one of the faster-growing user bases for e-commerce, with more than 224 million online shoppers in 2021 alone, making it one of the largest e-commerce markets globally
- The main players in the Indian e-commerce market include Amazon, Flipkart, and Reliance Retail. As a result, it’s causing competition and innovation in the sector.
- The e-commerce market in India is estimated at around $70 billion and ranks among the top-ranked e-commerce markets worldwide.
- This market is very competitive and diversified with a wide variety of products and services that suit the needs of a huge number of consumers.
- The e-commerce market in India is expected to grow at a CAGR of 17.3% from 2021 to 2026, thereby citing huge potential for further growth and development in the sector.
E-commerce Users Statics
22.1 percent in 2024 and through Users 34.0 percent, The Average revenue per user will be INR 14,121. GeM also crossed an all-time peak in GeM Gross Merchandise Value in FY 2022–2023 reaching $2011 billion. GMV crossed more than INR 4.5 Trillion by July 23, that is within a year of completion Year On July 23.
Market Size
The Indian e-commerce sector was valued at approximately $84 billion in 2020 and is expected to touch around $120 billion.
How Indian E-commerce Shopping Works
With over 60 per cent transactions and orders coming from tier-two cities & smaller towns. However, top e-retail platforms have three out of every five orders coming from tier-2 and -3 cities where almost half the shoppers are located. That’s how big the e-commerce boom is in those particular cities. Micro markets in Tier-2 and smaller towns are priced at an average selling price (ASP) that is slightly lower as compared to their ASP peers in tier-1/metropolitan cities.
Millenium in the lead
One-third of global social media shopping spending will be done by millennials in 2025 as opposed to Gen Z and Gen X which are estimated at around 29% and 28%. Baby boomers are expected to be the least involved in social commerce as they have also a harder time adopting new technologies growing older.
Social media Influence
Over a third of Instagram users (34%) ordered directly through the social media network in 2023. This presents a great business opportunity since on the site, at least one out of three individuals shop socially.
Facebook offers a lot of business-focused tools, which is why Facebook social commerce happens to be so popular at the moment. More users (2.96 billion active Users per month) than Instagram 103 million monthly and daily is at approximately just over half Comparing Facebook.
Facebook (the 3rd website by traffic) — with a total of 11.2 billion visits, and monthly unique visitors reach almost up to 1600000000 average visit duration per visitor is also high.
Revenue Growth
Indian e-commerce is projected to be around $120 billion by 2025, indicating high annual growth. Market size was approximately $80 billion in 2023.
Expansion Rate
Over the last few years, this industry has expanded at a Compound Annual Expansion Rate of 15–20%.
Regional Growing
e-commerce penetration in tier-2 and 3 cities is as fast as the overall category growth.
Daily Active Users
There are approximately 80-100 million daily active users engaging with e-commerce platforms in India. This figure indicates how Indian consumers are increasing their adoption of online shopping. Daily active users have grown and remain constant due to increased internet penetration, more mobile commerce, and digital payment options.
Mobile Commerce
On the back of growing smartphone adoption, close to 70% of overall e-commerce transactions are driven by mobile commerce.
Main Segments
You name it, fashion and accessories followed by electronics and groceries. Fashion still grabs the most space, with other top category going to electronics.
Merchant Revenue
The revenue earned by e-commerce merchants in India is a substantial portion of the total market size, with estimates around $60 billion to $70 billion in 2023. This includes revenue from various categories such as retail goods, services, and digital products.
Cultural impact
Which has been proved when it comes to the festive seasons, 35% of consumers opt Pooja and Diwali goods mostly by an ecomerce sites/apps. India: October, November and December are the high months for shopping because of holidays like Diwali, Dussehra, Navratri,Dhanteras and due to Christmas. This is perceived as a lucky time to buy by buyers and vendors this because are here, he offers his customers the best prices & biggest discounts of India; due which its E commerce market will get a major boost.
Key Players
Major indian indian e-commerce players, retailers, Flipkart, Amazon India,, Reliance Retail
1. Amazon investment Statics
In a major push to its investment activities in the country, global e-commerce giant Amazon has declared that it is going to invest $15 billion into India over next seven years. Amazon is set to invest over $26 billion in India across projects
Having already pumped $11 billion into the country, India could see more benefits from digitization efforts such as these.
Amazon eyes India SMBs with new products and a $1B investment, and… Amazon has announced that it plans to help 25 million individuals worldwide gain skills they will need needed for job opportunities of the next five years through free or low-cost in-person classes in technical fields such as IT support.
2. Flipkart investment Statics
The Singaporean-based Flipkart Private Limited has infused a whopping INR 722 crore ($90 million) into its marketplace entity in India.
3. Reliance retail investment
Reliance Retail has committed to investing close to $10 billion in India by 2024. It is investing the money it earns as it looks to expand its retail businesses and infrastructure.
Growing counterfeit threats
With the world becoming more mobile savvy, availability of internet across 59.5% population in this globe and consumers preferring to opt convenient shopping methods, it definitely makes sense for Global Retail E-commerce Sales that hit INR 2316 Billion (USD 36 Trillion) back at home by a normal person like you & me everyday through any online channel would rise upup US $4 trillion / INR 3650.
Digital Payment Adoption
Digital payments are a major driver, with over 80% of e-commerce transactions being completed via digital payment methods.
Conclusion
The Indian e-commerce sector has experienced some brilliant growth, which does not seem to decline anytime soon. Of late, one such huge potential sector is e-commerce and has already placed India amongst the fastest-growing market globally for e-commerce. According to recent estimates, it is estimated that Indian e-commerce will reach USD 200 billion by the year 2026 clearly showing the huge scope that still resides within the industry. Factors that result in growth of e-commerce in India: Growing Internet and Smartphone penetration and huge young population in India; these statistics reveal the astounding future of e-commerce for India and further highlight business’s need to capitalize upon this emerging market for sustainability as well as for success.
