EconomyGS3-Economy
India's e-retail market overtakes US
India's e-retail market has surpassed the US, reaching approximately $60 billion, though growth has halved in 2024.
March 28, 2025
Key Points
- 1India's e-retail market surged to approximately $60 billion in GMV.
- 2Growth in the e-retail sector halved to 10-12% compared to historical growth rates of 20%.
- 3Higher inflation and stagnation of real wages are reasons for the slowdown.
- 4Quick commerce, trend-first commerce, and hyper-value commerce will define the next chapter of growth.
- 5The e-retail market is expected to scale to $170–190 billion by 2030.
Important Terms
E-retailE-commerceGMVInflationQuick Commerce
UPSC Current Affairs
Last Updated: 7/2/2025