Recently, Bain & Company studied and released relevant reports in the Indian e -commerce market in 2023.The report shows that although the economy has swept the world, compared with mature e -commerce markets such as Europe and the United States, the value of all aspects of the Indian e -commerce market has maintained a positive growth.Lucknow Wealth Management

Specifically, although Indian e -commerce starts late, the huge population base and the continuous improvement of the social and economic environment have provided it with a stable foundation for its strong growth.Agra Investment

The report shows that the number of Indian e-commerce consumers in 2023 will reach 230 million-250 million, and in the past three years, this value has increased by about 120 million.In addition, as the main force of online consumption, the number of high -income groups in India is also rising. It is estimated that by 2028, India will have 70 million high -income families, contributing at least 85%of the overall e -commerce sales.Surat Stock

Of course, the continuously released consumption expenditure has also promoted the growth of online retail in India.Bain & Company predicts that although the economic growth has a certain degree of slowing down, the scale of the Indian e-commerce market in 2023 will still maintain a growth rate of 17%-20%, reaching $ 60 billion.In addition, in the next 5 years, with the further increase of e-commerce penetration, the market is expected to increase by 23%-25%Surat Wealth Management. In other words, by 2028, the sales of the Indian e-commerce market are expected to exceed $ 160 billion.Udabur Investment