E-commerce

India’s Rank: With a turnover of $50 billion in 2020, India was the eighth-largest market for e-commerce, trailing France and a position ahead of Canada.

Shopper Base: After China and the US, India had the third-largest online shopper base of 150 million in FY21 and is expected to be 350 million by FY26.

Smartphone Shipment: Smartphone shipments reached 169 million in 2021 with 5G shipments registered a growth of 555% year on year 2021.

Gross Sales: For the 2021 festive season, Indian e-commerce platforms generated sales with a Gross Merchandise Value (GMV) of US$ 9.2 billion, a 23% increase from last year’s US$ ....

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