Online commerce industry to touch $188 billion by 2025: Ficci

The online commerce industry is projected to reach USD 188 billion in 2025 from USD 64 billion last year, with growing consumer preference to buy on the digital marketplace, according to a report by Ficci. The report ‘A progressive shift from transactions to trust’ was released on Wednesday.

“Now, consumers are no longer turning to online commerce as an alternative buying channel – its massive growth, projected to reach USD 188 billion in 2025 from USD 64 billion in 2020, is signalling to its solidification as the default, primary buying channel for many,” the report said.