India’s e-commerce industry is experiencing fast development, fueled by digitization and increasing internet access. The country’s web economy is projected to achieve $1 trillion by 2030. By 2034, India is expected to turn out to be the world’s second-largest e-commerce market.

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It stated the growth in online grocery store buying due to coronavirus was “reminiscent of scaling Everest”. ‚ÄčE-retail in India is expected to surge past USD 160 billion mark by 2028, a report released by Bain & Company in collaboration with Flipkart mentioned on Wednesday. The E-retail market is expected to be round USD 57-USD 60 billion (Rs 4.seventy five lakh crore to five lakh crore) in 2023, with an annual shopper base of round 240 million representing an annual addition of USD 8-12 billion since 2020. Adobe stated online spending through the period was boosted by …

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