*The Indian e-commerce industry is projected to reach US$ 300 billion by 2030, experiencing significant growth.
*Third-party logistics providers are anticipated to manage approximately 17 billion shipments within the next seven years.
* India has around 936.16 million internet subscribers, including about 350 million mature online users actively engaging in transactions.
*India's e-commerce platforms achieved a significant milestone, hitting a GMV of US$ 60 billion in fiscal year 2023, marking a 22% increase from the previous year.
* The Government e-Marketplace (GeM) platform's Gross Merchandise Value (GMV) doubled in FY24 to cross the Rs. 4 Lakh Crore(US$ 47.96 billion) mark, driven by a 205% surge in the procurement of services, which accounted for nearly 50% of the total GMV.
*100% FDI is allowed in B2B e-commerce.
* 100% FDI under the automatic route is permitted in the marketplace model of E-commerce.
* The indigenous e-commerce giant Flipkart is poised to raise US$ 1 billion in a new funding round, with its parent company Walmart anticipated to contribute US$ 600 million.
* Google LLC is investing US$ 350 million in Flipkart as part of a nearly US$ 1 billion funding round led by Walmart Inc., Flipkart's majority stakeholder, with the investment aimed at expanding Flipkart's business and modernizing its digital infrastructure to serve customers across India, and the two companies also plan to increase Flipkart's use of Google's cloud platform.
* In October 2023, Tata Group announced a US$ 1 billion investment in its super app, Tata Neu, in addition to the US$ 2 billion previously invested in its digital division earlier that year.
India's E-commerce industry is expected to reach US$ 99 billion in size by 2024
Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...
India depends on imports to fulfil its need of semiconductor devices. Major...
The agricultural sector, in India, often described as the backbone of the n...
In India, the real estate industry not only ranks as the second-largest sou...