The Indian e-commerce industry is expected to cross the $350 bn in GMV by 2030. Indian retail market is estimated to reach $2 tn by 2032, driven by socio-demographic and economic factors such as urbanisation, income growth and rise in nuclear families. On the other hand, the Indian e-commerce industry is expected to cross $350 bn mark by 2030, growing at a CAGR of 23%.

In first half of 2021, e-commerce accounted for nearly a third of several electronic categories, almost half of smartphones sold, and about a fifth of all apparel sales in India. Consumer internet and e- commerce companies raised US$38 billion in 2021, an increase from US$8 billion in 2020, driven by large-size investments across fintech, hyperlocal and e-commerce sectors as the Indian start-up ecosystem continues to mature. India will become the 3rd largest online retail market by 2030, with an estimated annual gross merchandise value of $350 bn.

The Indian retail market is largely unorganized. However, over the next 3-5 years, share of modern retail (including e-commerce) will increase to 30-35% with share of traditional retail coming down to 65-70%. The retail market in India has undergone a major transformation and has witnessed tremendous growth in the last 10 years.

• Indian retail market is projected to reach approximately $2 tn by 2032 from 690 $ Bn in 2021
• India currently has the 4th Largest retail market in the world.
• Indian retail market recovered from pandemic loss and grew 10% yoy from 630 $ Bn to reach 690 $ Bn in 2021

2nd Edition India Retail, Ecommerce & D2C Summit is a platform that brings senior stakeholders from across the retail, Ecommerce & D2C industry to explore the best strategies to accelerate the digital transformation by investing in new age technologies to be future ready by looking beyond conventional retail methods, to place digital experiences first and evolve along with their modern consumers