India's internet economy is estimated to reach US$ 1 trillion by 2030: Experts

India's internet economy is projected to hit US$ 1 trillion by 2030, driven by e-commerce, estimated at US$ 325 billion, ranking third globally. In 2023, significant shifts in consumer behaviour, technology, and regulations marked a pivotal moment for India's e-commerce landscape. InGovern Research Services hosted a virtual roundtable, emphasizing the critical role of customer trust in the sector's expansion.

During the session, experts highlighted quick commerce challenges and opportunities, underscoring e-commerce's growth driven by mobile and internet penetration, rising aspirations, and increased disposable incomes. However, caution was advised by a business advisor at the Fintech Association for Consumer Empowerment, Mr. Srinath Sridharan, who advocated for a balanced approach amidst rapid growth and stressed the importance of robust consumer protection mechanisms.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.