India’s e-commerce market is on track for rapid expansion, with its share of total retail sales projected to increase from 7–9% in FY 2023 to 15–17% by 2030, according to a recent McKinsey & Company report. With over 850 million internet users but only 20–25% currently shopping online, the market...
As India’s economy is growing and leaping ahead, a significant portion of this growth will be driven by the digital economy. So far, the growth in the digital economy has come from consumer digitization. However, India’s share in online B2B sales is less in comparison to other nations. But it...
Online E-B2B marketplace platforms in India are growing at a rapid pace, as they enable cheaper procurement, faster deliveries, higher fill rates, and consistency in product quality. While e-B2B platforms in the country operate in fewer categories or verticals, multi-category e-B2B platforms operate in many product categories. As a result, their...
The growth of domestic and international trade has created the need for just-in-time deliveries, which has led to the growth of Express Delivery Services. Dr. Arpita Mukherjee, Professor at ICRIER and an esteemed Member of Committee for Advanced Trade Research, TPCI emphasises on the importance of this sector, when it...
ONDC is an initiative of Ministry of Commerce & Industry to help small retailers counter the dominance of ecommerce giants and take e-commerce penetration in consumer purchases from 5% to 25% in 2 years. But given the challenges of building and sustaining a network of this scale and complexity, can...
On Friday, Commerce and Industry Minister Piyush Goyal unveiled a ’dynamic and responsive’ Foreign Trade Policy 2023. After two years, the new FTP carries objective of raising the country’s outward shipments to US$ 2 trillion by 2030, through various initiatives that include pushing rupee trade and incentivising e-commerce exports. Schemes...
Despite the receding COVID-19 fears and shoppers returning to physical stores, the Ecommerce industry reported an impressive growth of 36.8% Y-o-Y in FY 2022. Brand websites showcased stronger growth than marketplaces with 80.4% Y-o-Y growth. Going forward, Indian retail and e-commerce players are dedicating significant process and technology investments. These...
Vidmay Naini, Country Manager, eBay in India explains ‘How India can boost its untapped cross-border e-commerce (or e-tail) potential & how promoting Indian goods abroad will play a crucial role in this’. He also opines that the inclusion of e-commerce in India’s new Foreign Trade Policy (FTP) will bode well...
Uma Machani & Srivardhan Sethuram, founders, Monsoon Harvest, talk about the different dietary trends that have evolved over the years & how their products have kept up with these ever-evolving fads. They add that Indian snacking was limited to local kirana shops and that is now slowly evolving with much...
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