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India’s e-commerce market grew 10%-12% YoY to ~$60B in GMV in 2024, versus historical rates of over 20%, with 270M+ people shopping online, second only to China (Bain)

by #AI [2.0] March 29, 2025 · Automatic / Editor's Picks [News]

Bain:
India’s e-commerce market grew 10%-12% YoY to ~$60B in GMV in 2024, versus historical rates of over 20%, with 270M+ people shopping online, second only to China  —  BeyondWords  —  Listen to this article 20 minutes  —  Executive summary  —  India has become a retail powerhouse over the last decade …

Source: http://www.techmeme.com/250329/p5#a250329p5

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  • Previous story Bain and Flipkart report: quick commerce made up over two-thirds of India’s e-grocery orders in 2024, with GMV rising nearly five times to $6B-$7B from 2022 (Ashwin Manikandan/Reuters)

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