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
- The e-commerce revenue in India has been steadily increasing over the years, reaching a significant milestone of $38.5 billion in 2020.
- India has a rapidly growing user base for e-commerce, with over 224 million online shoppers as of 2021, making it one of the largest e-commerce markets in the world.
- Some of the key players in the Indian e-commerce market include Amazon, Flipkart, and Reliance Retail, driving competition and innovation in the sector.
- India’s e-commerce market is valued at around $70 billion, making it one of the top e-commerce markets globally.
- The Indian e-commerce market is highly competitive and diverse, covering a wide range of products and services to cater to the needs of a vast consumer base.
- The e-commerce market in India is expected to grow at a CAGR of 17.3% from 2021 to 2026, showcasing the immense potential for further expansion and development in the sector.
E-commerce Users Statics
22.1% in 2024 and rising to Users 34.0 %, The average revenue per user (ARPU) is expected to be INR 14,121. The Government e-marketplace (GeM) achieved an all-time high GeM Gross Merchandise Value of $2011 zillion in FY 2022–2023 . 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
The Indian e-commerce sector is expected to reach around $120 billion by 2025, reflecting significant annual growth. In 2023, the market was valued at approximately $80 billion.
Growth Rate
Sector has been growing at Compound Annual Growth Rate (CAGR) of 15–20% over the last few years.
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 reflects the increasing adoption of online shopping among Indian consumers. The number of daily active users has been steadily increasing, driven by growing internet penetration, the rise of mobile commerce, and expanding 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 pledged to invest around $10 billion in India by 2024. It is investing the proceeds to grow its retail operations 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 e-commerce industry in India is witnessing remarkable growth and shows no signs of slowing down. With a thriving e-commerce market, India has positioned itself as one of the fastest-growing e-commerce markets globally. According to recent data, the e-commerce market in India is projected to reach $200 billion by 2026, showcasing the immense potential and opportunities within the sector. Additionally, the increasing internet and smartphone penetration rates, coupled with a large young population, are driving the growth of e-commerce in India. These statistics highlight the promising future of e-commerce in India and underscore the significance of businesses capitalizing on this burgeoning market for sustainable growth and success.
