India's consumer digital economy to grow 10x to $800 bn by 2030: Redseer

Online retail is set to become the third-largest by scale with an annual GMV of $350 billion by CY30

India’s consumer digital economy which was pegged at $85-90 billion in calendar year 2020, is expected to become a $800 billion market by 2030, according to reports released by consulting firm RedSeer at its flagship event Ground Zero 5.0. 

The digital economy includes 60 per cent of travel, 40 per cent non-grocery retail, 30 per cent of education, 25 per cent of food and beverages services and 6 per cent of pharma/grocery going through digital channels by calendar year 2030.

Online retail is set to become the third-largest online retail market by scale by CY30 with an annual gross merchandise