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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Indian car industry likely to reach 6.1-6.3 million units by FY31: Maruti Suzuki India Chairman

Maruti Suzuki chairman RC Bhargava addresses a press conference in New Delhi, on Dec 17, 2015. (IANS File Photo)

New Delhi, August 9 (IANS): The Indian car industry is projected to grow to 6.1 to 6.3 million units by FY2030-31 and the share of the small car market would grow significantly faster than its pace of growth in the last five years, RC Bhargava, Chairman, Maruti Suzuki India Limited, said on Sunday.

Bhargava said that GST reforms have given a new impetus not only to the automobile industry but to several sectors of the economy and “We are in the process of making as accurate an estimate as possible of the likely growth of the car market in the next five years”.

Maruti Suzuki India has released its ‘Annual Integrated Report 2025-26’, which highlights how the revival of the small car segment, the strengthening of the company’s SUV portfolio, its multi-powertrain strategy, focus on capacity expansion and robust export performance have created fresh momentum for growth.

The automaker registered its highest-ever annual sales of 24.22 lakh vehicles and record exports of 4.47 lakh vehicles in FY 2025-26.

Having achieved the 2 million sales mark for the third consecutive year, the company, supported by all the key growth drivers in place, is optimistic about reaching its next million-vehicle milestone earlier than anticipated, according to a statement.

Hisashi Takeuchi, Managing Director and CEO, Maruti Suzuki India Ltd, said that “we accelerated our capacity expansion plans. During FY2026-27, we added 500,000 units of manufacturing capacity”.

“Customer expectations continue to evolve rapidly. The company has plans to introduce 7 SUVs in the next 5 to 6 years to further strengthen SUV portfolio,” Takeuchi informed.

As India progresses towards becoming a developed nation by 2047, the automobile industry has both a responsibility and an opportunity to contribute meaningfully to this journey.“Through manufacturing, exports, technology development, employment generation, skill creation and sustainable mobility, Maruti Suzuki remains committed to supporting India's aspirations. The next million sales of vehicles represent far more than a volume milestone,” he mentioned. Indian car industry likely to reach 6.1-6.3 million units by FY31: Maruti Suzuki India Chairman | MorungExpress | morungexpress.com
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India emerges as medical tourism hub increasingly drawing patients from West, Gulf

India emerges as medical tourism hub increasingly drawing patients from West, Gulf. (IANS Photo)

New Delhi, (IANS): India’s emergence as a major destination for medical tourism is drawing patients from North America, Europe, Australia, New Zealand, Africa, the Middle East and neighbouring countries, a report said on Wednesday.

The report from Awaaz said patients from these countries are attracted by low-cost treatment, combination of internationally accredited hospitals, doctors trained at leading global institutions and advanced medical technology.

"Many complex procedures in India can cost far less than similar treatment in countries such as the United States, the United Kingdom, Australia or New Zealand," the report said.

Further, long waiting periods in Western countries are also drawing patients to India. Long waiting periods for specialist appointments or elective procedures can worsen pain, reduce mobility, cause anxiety or delay in diagnosis.

"Treatments such as cardiac surgery, joint replacement, oncology care, fertility treatment, eye surgery, dental care and some specialist procedures are often available at a fraction of the price charged in many Western systems," it said.

A strong network of accredited hospitals, especially in Chennai, Delhi NCR, Mumbai, Hyderabad, Bengaluru and Kerala serve international patients and offer dedicated support teams to help with medical reports, appointments, treatment planning, travel guidance and recovery coordination.

“Hospitals in India now routinely provide advanced services in cardiology, oncology, neurology, orthopaedics, organ transplantation, fertility care, ophthalmology, robotic surgery, intensive care and rehabilitation,” the media house said.

The report credited India's strong healthcare quality framework supported by accreditation systems such as NABH, the National Accreditation Board for Hospitals and Healthcare Providers, and JCI, Joint Commission International.

Patients can receive a second opinion, cost estimate using India’s medical tourism model.Further, the combination of modern medicine and traditional wellness support is another unique strength of India. "Patients often choose to combine surgery or treatment with structured recovery, physiotherapy and wellness-based rehabilitation," the report noted. India emerges as medical tourism hub increasingly drawing patients from West, Gulf | MorungExpress | morungexpress.com
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