Live Breaking News & Updates on A Weaker Value Proposition In Quick Commerce

New Delhi [India], January 12 (ANI/ BusinessWire India): The Indian e-commerce industry has been driven by increasing mobile phone adoption. As of October 31, 2022, there are 1143 million mobile connections with 625 million urban and 518 million rural connections. A few trends that are set to further increase mobile commerce: - Launch and adoption of 5G network - Launch and adoption of ONDC (open network for digital commerce) - Quick commerce - Hyperlocal delivery The India e-commerce market size is estimated to be USD 75 billion in 2022 and has the potential to expand to USD 111 billion by 2024 and USD 200 billion by 2026, with a CAGR of 20-22 per cent. The online retail market in India is estimated to be 25 per cent of the total organized retail market and is expected to reach 37 per cent by 2030. India's social commerce gross merchandise value (GMV) is expected to reach USD 20 billion by 2026, with a potentially reach USD 70 billion by 2030. Amazon and Flipkart acco ....

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