India’s e-commerce sector will likely expand over four times its current size, reaching $550 billion by 2035, according to a report by Anarock and ETRetail.
The sector, valued at $125 billion in 2024, is likely to grow at a compounded annual growth rate (CAGR) of 15%, the report stated.
Anarock and ETRetail unveiled their findings at ‘The Economic Times Great India Retail Summit 2025’ in Mumbai on Thursday.
The consultant in a statement stated, “Indian e-commerce is likely to touch $550 billion by 2035, growing at a CAGR (compounded annual growth rate) of 15 per cent. In 2024, the value of this vibrant and disruptive retail segment was estimated at $125 billion. It is likely to touch $345 billion by 2030-end.”
Anarock noted that key growth drivers include rising internet penetration, increasing smartphone usage, a robust digital payment ecosystem, and a tech-savvy young population.
Government-led initiatives such as ‘Digital India’ and improvements in logistics and supply chain infrastructure have further accelerated expansion.
Anuj Kejriwal, CEO & MD, Anarock Retail asserted, “Besides the metros, e-commerce players are also tapping the growing demand from smaller towns and cities.”
Additionally, the overall Indian retail market will likely triple from 2019 levels, reaching $2,500 billion by 2035.
The report attributed this growth to rising disposable incomes, increasing urbanization, a growing middle class, and a digitally connected consumer base.
Also Read: Apple Expands Local Production; Assembles Entire iPhone 16 Series In India
Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…
Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…
Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…
India has been chosen to host the prestigious 2029 World Police and Fire Games in…
Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…
PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…