Indian ecommerce market to grow to $325 billion; digital economy to reach $800 billion by 2030

The Indian e-commerce market is predicted to grow to a whopping $325 billion, and by the same year the country’s digital economy to reach an astounding $800 billion. With 881 million users, India has the second-largest Internet user base in the world, and by 2030, it is expected to rise to the third position in the online retail industry, according to Invest India.

With a growing digital economy and internet user base, India is poised to become a worldwide e-commerce powerhouse by 2030 and is expected to lead the way in online shopping with 500 million buyers. At present, the e-commerce market in India is valued at $70 billion, which accounts for around 7% of the nation’s overall retail market.