E-COMMERCE IN INDIA TO TRIPLE, REACHING $550 BN BY 2035: ANAROCK REPORT

Read to know how consumer behavior has evolved over the years, with non-metro cities becoming a major driver of online retail.

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The Indian retail sector is on an unprecedented growth trajectory, fueled by the dynamic rise of e-commerce and the revival of brick-and-mortar retail spaces, particularly shopping malls. India's e-commerce market, which stood at $125 billion in 2024, is set to touch $345 billion by the end of 2030, and an astounding $550 billion by 2035, according to the latest ANAROCK report. This represents a compound annual growth rate (CAGR) of 15 percent, outpacing the growth of traditional retail channels. The report attributes this expansion to multiple factors, including:

• Increased Internet penetration: With over 900 million active internet users, India has one of the world's largest digital consumer bases.

• Smartphone adoption: The affordability and accessibility of smartphones have driven online shopping habits across urban and rural India.

• Digital payments: The Unified Payments Interface (UPI) and other digital payment methods have eased transactions, making online purchases seamless and secure.

• Government initiatives: Programs like 'Digital India' and improved logistics infrastructure have propelled e-commerce adoption across all demographics.