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

Read More........ → September 04, 2026

Volkswagen to cut at least 1 lakh jobs by 2030 in cost cutting measures

Volkswagen to cut at least 1 lakh jobs by 2030 in cost cutting measures

Mumbai, (IANS): German car manufacturer Volkswagen has announced to cut 1 lakh jobs by the end of the decade in a sweeping cost‑cutting plan, marking the largest restructuring in the global auto industry.

The German carmaker announced a further reduction of about 50,000 positions on top of nearly 50,000 job cuts already agreed, amounting to about 15 per cent of the group’s workforce.

The company decided to halve the number of car models the Volkswagen group produces, which includes the Bentley and Audi brands, and considers to shut down four production plants in Germany within the next eight years.

“Given intensifying global competition, shifting demand and technological change in the automotive industry, a consistent alignment of workforce capacity with economic reality is essential,” the Volkswagen Group said in a statement.

Volkswagen employs over 6.5 lakh people across brands including Skoda, Seat, Porsche, Cupra and Lamborghini.

The group plans to streamline its model portfolio by around 50 percent and reduce its offering complexity by around 75 percent by 2035.

“The prioritised models aim to excel in design and technology – and benefit from the focus on fewer variants: Higher volumes per model, lower costs, stronger economies of scale,” the statement said.

The Volkswagen Group is systematically tailoring its platforms, electronic architectures, driver assistance systems and software to the needs of both the Western and Eastern hemisphere, it added.

In North America, the Volkswagen Group will focus on the most profitable segments. In China, the Group is adapting to revised expectations for overall growth in the Chinese automotive market and is expanding its export business toward the “Global South,” the statement added.

The company said that portfolio of shareholdings and businesses will be rigorously assessed and streamlined by around one-third to retain only those with a clear strategic and financial contribution to the core business.

“Non-strategic activities will be divested or realigned. The real estate portfolio will also be reviewed. The goal is to have a leaner structure and more effective use of capital,” the company said. Volkswagen to cut at least 1 lakh jobs by 2030 in cost cutting measures | MorungExpress | morungexpress.com

Read More........ → September 03, 2026