Back to Career News

Etail expected to grow by 30%in FY22

August 17, 2021

Etail expected to grow by 30%in FY22
E-commerce in India grew by 25% to $38 billion in the last financial year (FY21) in spite of two waste of time a very long time during the first wave of the pandemic, as per a report by consultancy firm Bain and Co in association with Walmart-owned Flipkart. 
 
While the second Covid-19 wave hit online deals harder, the business is expected to clock somewhere in the range of 25% and 30% growth this year too, Shyam Unnikrishnan, accomplice at Bain and Co, told ET. 
 
This will mean around $47.5 billion before the finish of FY22. Since the beginning of the pandemic, 30-35 million new clients have come online to shop in the country. Before the pandemic, there were around 100-110 million e-commerce buyers in India. This client base has leaped to 140 million and is on track to surpass the 150-million-mark in the ongoing financial year. 
 
“Basically across most nations, you see a peak (in online shoppers) and it settles to be typical that is higher than the pre-Covid times, and that essentially is being sustained,” Unnikrishnan said. “We expect something similar to happen here as well.” 
 
The report pegs the e-tail area at $120-$140 billion by FY26.

Recommended for you ...

Banks Lead Funding for Green Projects as RBI Pushes for Climate Risk Disclosure
Banks Lead Funding for Green Projects as RBI Pushes for Climate Risk Disclosure

March 01, 2024

RBI Greenlights S Ravindran as Part-Time Chairman of TMB
RBI Greenlights S Ravindran as Part-Time Chairman of TMB

March 01, 2024

Debit Card Transactions See Significant Decline in January 2024, Says 1Lattice Report
Debit Card Transactions See Significant Decline in January 2024, Says 1Lattice Report

March 01, 2024

Chat on WhatsApp