E-commerce continues robust growth trajectory in 2024 driven by smaller cities
Propelled by rising demand from smaller cities, India’s e-commerce sector continued its robust growth trajectory in 2024.
Propelled by rising demand from smaller cities, India’s e-commerce sector continued its robust growth trajectory in 2024.
The Delhi Police, on Wednesday, ordered e-commerce websites and social media platforms to cease the online sale of firecrackers in the National Capital Territory (NCT) Delhi.
The Q2 FY25 net profit declined from Rs 13.64 crore reported in the preceding June quarter, according to the company’s financials with the stock exchange.
In the festival season of October to December 2024, the Indian e-commerce is projected to reach $12 billion in gross merchandise value (GMV), marking a 23 per cent increase from last year when the GMV was $9.7 billion in the same period in 2023.
Online e-commerce platforms in the country saw sales worth over Rs 54,500 crore in the first week of the festive season, about 55 per cent of total sales projected during the next month.
The Indian Q-Commerce market was a meagre $0.3 billion in 2021 and is now projected to be worth $5.5 billion by 2025.
The direction was given during a meeting chaired by Secretary, Department of Consumer Affairs Rohit Kumar Singh with major e-commerce food business operators, to discuss pertinent issues which affect consumers in this sector.
The framework will be developed by the Department of Consumer Affairs (DoCA) after studying the present mechanism being followed by the E-Commerce entities in India
The trade fair has come at a time when people are settling down to locating their requirements on laptops and PCs.
Increasing internet usage, growing adoption of smartphones, and surge in market awareness shall further accelerate the growth of E-commerce in India.
