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Date: 26/03/2025

India’s e-commerce industry seen at $550 bn by 2035
 
India’s e-commerce industry is projected to reach $550 billion by 2035, according to a joint report by ANAROCK and ETRetail. The report highlights that the sector’s rapid expansion is driven by digital adoption and evolving consumer behaviour. The report estimates that in 2024, India’s e-commerce market was valued at $125 billion. It is expected to surge to $345 billion by 2030, reflecting a compound annual growth rate (CAGR) of 15% over the next decade. A key driver of this expansion is the increasing participation of consumers from smaller cities. The share of online shoppers in Tier II and III cities has grown from 46% in financial year 2019-20 (FY20) to 56% in FY24 and is projected to reach 64% by FY30, as per a report.