E-commerce Market in India 2022-2027: Surge in Internet & Smartphone Use Boosts 26.71% Annual Growth - ResearchAndMarkets.com
The e-commerce market in India was valued at INR 6,210.96 Bn in 2021.
- The e-commerce market in India was valued at INR 6,210.96 Bn in 2021.
- It is anticipated to reach a value of INR 26,459.18 Bn by the end of 2027, expanding at a compound annual growth rate (CAGR) of ~26.71% during the 2022 - 2027 period.
- The market has grown exponentially over the past five years due to the surge in Internet and smartphone users, improved policy reforms, and increase in disposable income.
- By 2027, the online retail sector is expected to dominate the e-commerce market in India because of a growing consumer base and increasing FDIs.