India Ecommerce Market

Indian laws prohibit foreign e-commerce players from holding inventory of goods they can sell on their website

Indian e-commerce was worth $83 bn in 2022, will likely grow to $185 bn in 2026, propelled by deeper internet penetration and digital payments

UPI driving consumers away from cash and helping financial inclusion, it says

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes

India's e-commerce market is estimated at $50 billion in 2022, and is expected to grow to more than 25 per cent per annum to reach $150-170 billion by 2027

In FY22, govt's public procurement portal recorded a GMV of $14.2 bn, as against Amazon India's $17 bn and Flipkart's $23 bn

Adani Enterprises Ltd., the group's flagship, is seeking to raise 200 billion rupees ($2.5 billion) by selling new shares. The additional firepower may come in handy to beef up the fledgling super-app

According to sources, the e-commerce companies will also be asked to remove unverified buyers and reviewers, and on failing to do so, action will be taken against them

Kalyan Krishnamurthy expects the fallout of the global macro environment next year in areas such as company valuations and the funding environment as well

Says it's seeing 4x increase in e-commerce sales and 2x growth in modern trade

E-commerce firms may have to incur higher costs for upgrading tech to comply with norm

Further penetration into smaller cities will only add to this dependence on third-party delivery partners

Brands to be manufactured in tie-up with SMEs; 52 products launched under home cleaning, personal hygiene, pantry staples, and male grooming so far, more categories in two years

Company will enable sellers to select delivery partners to ship products across India

The exact number of orders gone wrong is a number that will not be disclosed by the companies

ONDC, a government entity to democratise e-commerce in India, has sought public comments on 24 issues pertaining to payments, fulfilment of orders, refunds and cancellations to build trust among network participants. Open Network for Digital Commerce (ONDC) has floated a consultation paper to seek views on steps it is taking to build trust so that more and more participants (buyer apps, sellers apps, payment gateways and delivery apps) take advantage of the fast-growing e-commerce sector. "This is an open consultation. The last date for submitting responses is 31st October 2022," the 43-page paper titled - Public Consultation: Building Trust in the ONDC Network - said. The questions pertain to search and discovery, placing an order, fulfilment of an order, payment and settlement, returns, refunds and cancellations, grievance management, enforcement and compliance, and community governance. It has listed 24 questions, including what more can ONDC do to make the process of search and

People can place orders in grocery and restaurant segments for now

Company founded by 4 IIT graduates will use money to expand its presence and for improving technology

The US retail giant operates more than 400 stores and is one of the largest online retailers and fastest growing marketplace platforms in Canada

More than 82% of the billionaires on the list are above the age of 50, and only 0.6 per cent of the rich in the list are below the age of 30, said the Hurun India study