Description: The e-commerce has transformed the way business is done in India. The Indian e-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 bill
market size & growth| ibef (43) e-commerce in india: industry overview (42) e-commerce in india: industry overview
* India’s social commerce has the potential to expand to US$ 16-20 billion in FY25, growing at a CAGR of 55-60%.
* India’s e-commerce market is expected to reach US$ 111 billion by 2024 and US$ 200 billion by 2026.
* India has gained 125 million online shoppers in the past three years, with another 80 million expected to join by 2025.