The Covid19 pandemic and lockdown affected many sectors, but contributed to the further growth of e-commerce in the world. The twentieth and the twenty-first years of the twenty-first century have especially gifted many lessons and opportunities for businesses.
Growth-
E-commerce industry has grown by adding newer customers and cities on its map. As per RedSeer Consulting’s report [1], the following points are noted-
1. "India’s digital economy to touch $800 billion by 2030"
2. "Of digital economy, online retail remains a big part which will likely touch $350B GMV by 2030"
3. "India’s online shopper base to be the second largest globally"
4. "While organized retail will be leapfrogged by online retail before CY30, kiranas will remain strong"
CY means Calendar Year
5. "In India, online retail enabler e-logistics has also become the fastest growing market globally"
