Is e-commerce successful business?
Priya SharmaTeacher
Asked: 2022-07-07T22:08:26+05:30
2022-07-07T22:08:26+05:30In: Affiliate Marketing
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In India, e-commerce has completely altered the way businesses operate. India’s e-commerce market is expected to grow from $46.2 billion in 2020 to $188 billion by 2025, according to a report from the World Economic Forum. It is predicted that by 2030, it will be worth US$ 350 billion. The Indian e-commerce market is expected to reach $74.8 billion in revenue in 2022, an increase of 21.5%.
An estimated US$ 111 billion will be spent on online shopping in India by 2024, with an additional US$ 200 billion expected to be spent online by 2026.
The rise in internet and smartphone use has been a major catalyst for the industry’s expansion.