India’s E-Commerce Industry Poised to Reach USD 550 Billion by 2035
India’s e-commerce industry is projected to hit USD 550 billion by 2035, according to a joint report by ANAROCK and ETRetail. The sector, valued at USD 125 billion in 2024, is expected to reach USD 345 billion by 2030. The report highlights a surge in online shoppers from smaller towns, with Tier 2 and 3 cities accounting for 56% of shoppers in FY2024. Additionally, mall vacancy rates have dropped to 8.1% in 2024, indicating a strong post-pandemic recovery in physical retail spaces.
