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E-commerce retail market likely to cross $100 bn mark by 2024: Report

The rise of online fresh groceries sales along with growing numbers of prepared food delivery companies entering this space could propel category growth by five times in the next five years

ecommerce
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The Indian retail landscape has seen a momentous change over the past 10 years with the overall industry growing to $915 billion in 2019

Press Trust of India Mumbai
The e-commerce retail market, which stood at $30 billion in 2019, is expected to cross the $100-billion mark by 2024, driven by an increasing set of suppliers selling online and change in buying behaviour of consumers, among others, according to a white paper released on Thursday.

The rise of online fresh groceries sales along with growing numbers of prepared food delivery companies entering this space could propel category growth by five times in the next five years, according to the paper jointly prepared by global professional services firm Alvarez & Marsal (A&M) India and CII Institute of Logistics.

According to

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First Published: Aug 27 2020 | 6:39 PM IST

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