Indian consumertech industry to reach $300 billion by 2027: Report

The Indian consumer technology (consumertech) industry is set to rise as the total addressable market will reach $300 billion by 2027, growing at a compound annual growth rate (CAGR) of 25 per cent, according to a report by Chiratae Ventures, in collaboration with 1Lattice and powered by Google.

The report, ‘Cracking the Code: Unveiling India’s Consumer Landscape’, the first instalment of a three-part annual report series, provides in-depth analyses of gaming, e-commerce, financial technology (fintech), entertainment, and health care sectors. The unlocking of India’s consumer potential is driven by digital public infrastructure (DPI) and population-scale solutions. Over 500 million Indians now seek entertainment and gaming services daily.