The digital shopping revolution in India shows no signs of slowing. According to a fresh Boston Consulting Group analysis, the e-commerce market—currently valued at $120-140 billion—is poised to expand to $280-300 billion by 2030. This near-doubling reflects deeper internet penetration and evolving consumer preferences.
Offline retail, far from fading, has grown steadily at 13-14% per year for the last four years. We’re witnessing a hybrid era where multi-channel shopping is the norm. Five out of every 10 offline purchasers scout products online first, blurring the lines between virtual and physical retail.
Online buyer numbers stand at 300 million now, projected to reach 440 million by 2030, with 30% hailing from rural areas. This inclusivity is fueling the sector’s momentum.
E-retail will contribute $75-85 billion, growing at 16-18% CAGR, while e-services promise $45-55 billion at a brisker 20-22%. These estimates stem from extensive surveys involving 12,000+ consumers from diverse regions.
Shoppers today prioritize ease and reliability, fluidly switching from online discovery to in-store trials. The report captures this shift: ‘Convenience and trust drive seamless movement between digital screens and physical stores.’
Female consumers lead the charge towards online safety, with nearly 67% citing privacy and anytime access as key advantages.
‘India’s consumers are incredibly diverse, selecting channels based on personal needs,’ noted BCG’s Kanika Sanghi. ‘As online demographics democratize, brands must ensure simplicity and security everywhere.’
Quick commerce’s 100%+ CAGR has mainstreamed ultra-fast deliveries, increasing shopping frequency. Social commerce grows at 40-45%, adding vibrancy.
A stark milestone: Online brands now hit Rs 100 crore revenue in 7 years, down from 11. This accelerated scaling positions India as an e-commerce powerhouse.