India’s e-retail market estimated to exceed $160 billion by 2028
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According to this, the e-retail market is expected to be around $ 57-60 billion (Rs 4.75 lakh crore to Rs 5 lakh crore) in 2023. In this way, it has increased by about 8-12 billion dollars every year since 2020. By this time there will be an annual buyer base of around Rs 24 crore.
The e-retail market in India could cross US$160 billion (over Rs 13 lakh crore) by 2028. Bain & Company said this on Wednesday in a report prepared in collaboration with Flipkart.
According to this, the e-retail market is expected to be around $ 57-60 billion (Rs 4.75 lakh crore to Rs 5 lakh crore) in 2023. In this way, it has increased by about 8-12 billion dollars every year since 2020. By this time there will be an annual buyer base of around Rs 24 crore. Bay
“The long-term fundamentals of India’s e-retail industry are strong due to cost-effective data, better logistics, fintech infrastructure and a strong digital consumer ecosystem,” Arpan Seth, partner and senior executive at Na, said in a statement. It is estimated that the market could exceed US$ 160 billion by 2028 with a growth rate of 23-25%.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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