Indian e-commerce to grow 84% in 4 years, helped by Covid-19 impact: Study

Digital commerce accelerated during the pandemic worldwide, says report that tracked trends in 41 countries

India’s e-commerce industry will grow 84 per cent to $111 billion by 2024 as it gains from demand created by the coronavirus pandemic’s impact, said a report on Wednesday.

The 2021 Global Payments Report by Worldpay FIS, a financial technology product and services provider, tracked trends in 41 countries to find that digital commerce accelerated during the pandemic.

“The Indian eCommerce industry (sic) has witnessed a huge upsurge due to COVID-19 and there is substantial room for future growth,” said Phil Pomford, managing director of Asia Pacific, Worldpay from FIS.

The report said India’s e-commerce market will be driven by mobile shopping, projecting