{"id":2527,"date":"2021-08-18T12:35:18","date_gmt":"2021-08-18T12:35:18","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=2527"},"modified":"2021-08-18T12:44:14","modified_gmt":"2021-08-18T12:44:14","slug":"e-commerce-takes-front-stage","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/e-commerce-takes-front-stage\/","title":{"rendered":"E-commerce Takes The Front Stage"},"content":{"rendered":"

SALE! SALE!! SALE!!! Nowadays Wherever you go (digitally) all we can see are humungous discounted products. We all witness a continuing series of delivery boys lurking out of the apartment at all times.\u00a0<\/span><\/p>\n

The covid-19 pandemic has changed the way we all live, given the restricted movement the urge to shopping was shifted from physical to digital.<\/span><\/p>\n

The pandemic was a watershed moment for India\u2019s e-retail market, reportedly driving a 12-month acceleration in e-retail penetration to reach 4.6% in FY21, said the report.<\/span><\/p>\n

As per the Bain & Company report \u2018How India Shops Online 2021\u2019, the Indian offline retail market shrunk 5% to $810 billion as the pandemic ravaged the country in the fiscal year 2021 compared to the previous financial year.<\/span><\/p>\n

The Indian e-commerce market, on the other hand, witnessed a 25% growth in the same time frame.\u00a0<\/span><\/p>\n

The Indian e-commerce market grew about 45%-50% between June 2020 to March 2021, the 10 active months of FY21, the report notes.<\/span><\/p>\n

As India\u2019s digital economy grows, the number of online shoppers are expected to grow with it.<\/span><\/p>\n

What do others have to say<\/b>!<\/span><\/h3>\n

A report by Kearney highlights that about one in three internet users are expected to shop online actively by 2030.<\/span><\/p>\n

As per the report, India is expected to have 1.1 billion internet users by then, compared to 700 million reported in 2020.<\/span><\/p>\n

The report, published on August 17, also noted that the Indian retail market is expected to grow at a slower pace compared to the e-commerce sector.<\/span><\/p>\n

While Kearney expects a 9% growth rate for offline retail to reach $1.4 trillion, Bain & Company has anticipated a 25%-30% growth rate for e-commerce to reach $120-140 billion by FY26.<\/span><\/p>\n

The lifestyle retail for clothes, accessories and apparel is going to be the biggest segment for both online or offline retailers in this decade. It is expected to contribute about $249 billion to Indian retail.<\/span><\/p>\n

Grocery Space<\/b><\/h3>\n

A report published by Goldman Sachs in Nov 2020 – \u2018The curve continues to steepen\u2019 suggested that online grocery has seen an increase in adoption due to COVID-19.\u00a0<\/span><\/p>\n

The firm expects groceries to be the fastest-growing category within Indian internet retail, reaching $37 billion by FY25 which would translate into an online penetration of 6.6%.<\/span><\/p>\n

Bain & Company said that the grocery market (online and offline) grew 80% in 2020 compared to 40% in the year before.<\/span><\/p>\n

Disclaimer \u2013 This content is purely for informational purpose and in no way advice or a recommendation.<\/span><\/em><\/p>\n

Also Read- Paytm Money Product Updates July 2021<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SALE! SALE!! SALE!!! Nowadays Wherever you go (digitally) all we can see are humungous discounted products. We all witness a continuing series of delivery boys lurking out of the apartment at all times.\u00a0 The covid-19 pandemic has changed the way we all live, given the restricted movement the urge to shopping was shifted from physicalContinue reading “E-commerce Takes The Front Stage”<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":2528,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-classic-ns.php","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-2527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/2527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=2527"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/2527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/2528"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=2527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=2527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=2527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}