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Indian E-commerce Industry
India's online home services market is projected to expand at a compound annual growth rate (CAGR) of 18-22 per cent to reach Rs 85-88 billion by FY30, driven by a growing urban demand for convenience, reliability and speed, a report has said. Following the widespread adoption of quick commerce, 'Instant Home Services' is emerging as the next frontier in India's digital economy, aiming to create a new habit loop for time-pressed urban consumers, says consultant firm Redseer. India's overall home services market, valued at around Rs 5,100-5,210 billion in FY25, remains dominated by the unorganised sector. "Instant Home Services acts like an on-demand household support system, bridging the gap between informal domestic help and structured service platforms. "...India's home services industry continues to be predominantly unorganised and offline. As of FY2025, online penetration stands at less than 1 per cent of net transaction value, highlighting how deeply entrenched traditional, ..
E-commerce major Amazon said it has doubled its product deliveries in the same and next day categories in Assam, while also registering an increase in demand for premium products. More than 10,000 sellers from Assam have also benefited through Amazon, reaching out to customers across the country, a company official said. "Amazon India is gearing up to meet rising customer demand in Assam, especially Guwahati, bringing customers unmatched value, speed and selection," Pallavi Singh, senior manager, Amazon Prime India, said here. She said this festive season, premium products in the Amazon fashion and beauty categories are being preferred by customers in Guwahati. "Watches and luxury beauty are seeing a 30 per cent year-on-year growth, driven by demand for metal strap digital and analog watches and moisture-rich beauty products. Demand for jewellery in Assam is also on the rise, growing 20 per cent year-on-year, with traditional Assamese designs continuing to be a customer favourite,"
The planned GST changes have prompted some e-shoppers to postpone purchase decisions in hopes of lower taxes on certain products like consumer goods and electronics, say analysts, while emphasising that the blip is only temporary and sales are set to rebound as clarity improves and festive fervour takes hold. Goods and services are currently charged under a four-tier system with rates ranging from 5 per cent to 28 per cent. GST reform, proposed by the Centre, says that most goods will be charged at either 5 per cent or 18 per cent. Durables such as washing machines, air conditioners and refrigerators will be among the goods charged lower rates under the new GST regime. The GST Council, chaired by Union Finance Minister and comprising ministers from all states and UTs, will meet on September 3 and 4 to discuss the reform. As the industry prepares for the rollout of GST 2.0, the e-commerce sector is witnessing a noticeable shift in consumer behaviour, particularly around high-value .
Gujarat-based Nipponply Industries on Friday said it will invest Rs 250 crore over the next three years to ramp up production for exports, develop e-commerce infrastructure, and establish warehousing and design centres. At present, the company is investing Rs 65 crore in panel and furniture manufacturing expansion. "Our future roadmap includes a Rs 250 crore investment over the next three years for export-compliant production, e-commerce infrastructure, warehousing and design centres, and strengthening global partnerships," Nipponply Industries Managing Director Ketan Thakkar said. He said that the furniture sector holds huge potential in both India and other countries, including Europe. The key trends that are shaping the furniture industry in the country include a shift from local carpentry to modular, branded solutions; and growing adoption of wood-veneered plywood over MDF (medium density fibreboard), Thakkar said. "India is already a champion sector in the furniture sector, a
Amazon will invest over Rs 2,000 crore in 2025 to scale up its all-India operations network, the e-commerce giant said on Thursday. Investments will support network expansion and upgrades to serve customers faster and more reliably, advance technology and innovation, and improve employee and associate well-being, Amazon said in a release. The investment announcement comes at a time when India's e-commerce market is booming, fuelled by broadband penetration, affordable smartphones, digital payments, increasing spends from affluent and middle-class households, as well as a mobile-first, digitally-charged younger population. Companies like Amazon and Walmart's Flipkart, as well as smaller online players have reshaped India's e-biz landscape over recent years investing billions of dollars into the booming e-commerce market in the country, which as per some estimates, is poised to grow at a compound annual growth rate (CAGR) of 21 per cent and reach USD 325 billion in 2030. Announcing t
Fashion and lifestyle e-commerce platform Myntra on Monday announced its foray into Singapore as part of its growth strategy. The move, targeted at around 650,000 Indian diaspora in the Lion City, is part of Myntra's broader growth strategy, aiming to tap into new customer segments and build stronger international brand affinity over the coming years, Myntra said in a statement. Myntra has already observed notable organic interest, with around 30,000 users from Singapore visiting its existing platform, Myntra CEO Nandita Sinha said. "We have launched Myntra Global in Singapore, focused on presenting Indian fashion to the world. Made in India brands, which cater to the Indian diaspora, especially around Indian needs, are what we are bringing to the customers. "We have a huge Indian diaspora in a country like Singapore -- almost 650,000 Indians live in Singapore. As we were going through our data...we realised that almost 30,000 of these users are actually visiting us every month. We