India’s online retail mkt to cross $170 bn by FY30, says Jefferies report

Online retail in the country that is growing at a faster pace, is expected to be $170 billion by FY30, growing at a CAGR of 23 per cent, according to a Jefferies report.

The online retail, which is currently around 25 per cent of total organised retail market in India, can potentially increase to around 37 per cent of the total organised retail market during this period, the report said.

Currently, the total online retail in the country is pegged at $18 billion.

Spends per online shoppers, which is estimated at Rs 12,800 is expected to increase to Rs 25,138 by FY30, with consumers shopping online for other segments, beyond electronics and apparel.