India’s e-commerce market likely to nearly triple to $345 billion by 2030

India’s e-commerce market set to nearly triple to $345 billion by 2030: Report (AI image/IANS)

New Delhi, (IANS): India’s e-commerce sector is poised for a major expansion over the next four years, with the market projected to nearly triple from $125 billion in 2024 to $345 billion by 2030, a new report said on Wednesday.

According to a new report by research consultancy Infisum, titled Smart Growth in a Fast Market, has been prepared with support from public policy think-tank Empower India.

According to the report, India’s e-commerce market is expected to grow at a compound annual growth rate of 18.4 per cent through 2030. Rising disposable incomes, increasing internet penetration and rapid digital adoption are expected to remain the key drivers of this growth.

By 2030, online commerce could account for 10-12 per cent of India’s total retail spending and contribute around 2.5 per cent to the country’s GDP. The number of online shoppers is projected to reach 420-440 million, further strengthening India’s position as one of the world’s fastest-growing digital retail markets.

The report estimates that India’s quick-commerce market could reach $65-70 billion by 2030 and account for 45-50 per cent of incremental e-retail growth over the next five years. The expansion is also expected to trigger a significant increase in the number of dark stores, with the network projected to almost triple from 2,525 facilities in 2025 to around 7,500 by 2030.

The report also points to a shift in the priorities of quick-commerce companies. After a period dominated by aggressive customer acquisition and expansion, players are increasingly focusing on sustainable unit economics, operational efficiency and long-term investments in logistics and delivery infrastructure.

Artificial intelligence is expected to be another major force reshaping the sector. The report projects that AI and machine learning could improve retail productivity by 35-37 per cent by 2030.

Dr Badri Narayanan Gopalakrishnan, Fellow at NITI Aayog, said quick commerce should now be viewed as permanent infrastructure rather than a temporary trend.

“Quick commerce is permanent infrastructure, not a trend. Valued at USD 65–70 billion by 2030, it will drive 45–50 per cent of incremental e-retail growth,” he said. India’s e-commerce market likely to nearly triple to $345 billion by 2030 | MorungExpress | morungexpress.com
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In London, Children’s Lungs Grow Faster as Traffic Pollution Falls

– credit, Fas Khan via Unsplash

A visceral reminder of the dangers of air pollution comes now via an uplifting study which found lung development in children was faster in London’s ultra low-emissions zone (ULEZ).

It compared children between the ages of 6 and 9 living in Central London’s ULEZ with those living in the nearby suburb of Luton. Just over 3,400 agreed to participate.

The study period extended to before the implementation of the ULEZ in 2019, and found that as exhaust emissions like nitrogen dioxide diminished, the advance in children’s lung capacity quickened.

Children were tested for lung function on a device that measures how much air an individual can forcefully breathe out in one second, a measure for lung power, development, and recovery in the case of lung cancer patients.

PPM measurements of exhaust particles fell faster in London than in Luton over the study period, and the scientists at Queen Mary University observed a concurrent acceleration in the development of London children’s lung power, which was recorded as an additional 233 milliliters of air breathed into the device per year, compared with 223 milliliters observed in children from Luton.

At the outset of the study, Luton had less air pollution in the city, and it was the Luton children whose lungs were developing faster. 4 years after the implementation of the ULEZ, the Londoners had bridged the gap with their suburban peers.

Lung development is a key predictor of aspiratory problems in life. The study also found that in Central London, the proportion of children with impaired lung function fell from 14% to 9% as pollution levels dropped. Such impairments may include asthma, and bear consequences for health later in life.

In general, even though many cities regularly sit far above the World Health Organization’s recommendations for limits on fine particulate matter, cities around the world are reducing air pollution and London stands among them.

In March, GNN reported that 19 out of 100 cities worldwide surveyed for air quality were found to have substantially improved since 2010. The 19 included several of what could be called megalopolis-type cities like Hong Kong and Beijing. Another 7 on Mainland China achieved large pollution reductions.San Francisco, Warsaw, Bangkok, Amsterdam, Rotterdam, Rome, Heidelberg, Berlin, and Paris round out the list. In London, Children’s Lungs Grow Faster as Traffic Pollution Falls
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