WebinarsNew
Deep DiveNew
Explore Business Standard
India's e-commerce sector is projected to grow nearly three times to USD 345 billion by 2030 from USD 125 billion in 2024, propelled by the rapid expansion of quick commerce and artificial intelligence (AI) integration, according to a report released on Wednesday. According to the report titled 'Smart Growth in a Fast Market' by research consultancy Infisum, the market is expected to grow at a compound annual growth rate (CAGR) of 18.4 per cent through 2030. The report highlights that the country's dark store network is set to nearly triple from 2,525 in 2025 to approximately 7,500 by 2030 to meet the surging demand for rapid deliveries. "India's e-commerce sector is entering a transformative phase of growth and innovation, with the market projected to nearly triple from USD 125 billion in 2024 to USD 345 billion by 2030. "Quick commerce is the fastest-growing segment within India's e-commerce ecosystem. Valued at an estimated USD 65-70 billion by 2030, the segment is expected to .
Aam Aadmi Party (AAP) leader Raghav Chadha on Friday demanded the termination of 10-minute delivery services offered by quick commerce players, terming the practice as "cruelty" towards gig workers who risk their lives to meet deadlines under extreme pressure. Raising the issue during the Zero Hour in the Rajya Sabha, Chadha said delivery personnel are not robots, but individuals who are someone's father, husband, brother or son. "I want to tell you that these people are not robots. They are also someone's father, husband, brother, or son. The House should think about them. And the cruelty of this 10-minute delivery should end," he said. The AAP leader said while consumers hope their food reaches them in 10 minutes, the House should also think about the welfare of gig workers. Chadha described delivery personnel working for platforms like Zomato, Swiggy, Blinkit, Zepto, ride-hailing services such as Ola and Uber, and home service providers as the "invisible wheels of the Indian ...
Global terror financing watchdog FATF on Tuesday cited the February 2019 Pulwama terror attack, which killed 40 CRPF personnel, and the 2022 Gorakhnath Temple incident to say that e-commerce platforms and online payment services are being misused for terror financing. In its 'Comprehensive Update on Terrorist Financing Risks', the FATF also flagged 'state sponsorship of terrorism' and said a variety of publicly available sources of information and delegations' inputs to this report indicate that "certain terrorist organisations have been and continue to receive financial and other forms of support from several national governments". "Delegations reported on this trend by referring to the use of state sponsorship for TF (terror financing) either as fundraising technique or as part of the financial management strategy of the certain organisations engaging in terrorist acts. Several forms of support have been reported, including direct financial support, logistical and material support,