New Delhi: The country’s e-retail market will grow rapidly and with 35 crore buyers, its business is expected to reach 100 to 120 billion dollars gross value (GMV) by 2025.
A report by Ben & Co. stated this. The report, prepared in association with Flipkart, states that the Indian retail market worth $ 850 billion is the fourth largest market in the world but a large part of it is unorganized. It states, “This market stands on the threshold of change with their increasing impact on e-retail units and Indian buyers.” There has been a rapid growth in the e-retailing industry in the country in the last five years and there is a lot of scope for growth in the coming times. “
Currently, the online retail business has a reach of 3.4 percent. With the facilities like mobile data reaching cheaper and remote areas, increasing trend of online spending and local language usage by companies, the number of customers associated with the e-retail market will be around 30 to 35 crores by FY 2024-25. is. According to the report, this will increase the online gross commodity price (GMV) by 30 percent annually on a cumulative basis and is expected to reach $ 100 to 120 billion by 2025. It was $ 30 billion GMV in FY 2019-20. It will have an important role of fashion category product which will attract online customers. According to the report, medium and small towns will contribute about half of the total buyers in online shopping and three out of every five orders received on the e-retail platform will be from there.
