Ecommerce
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Overview
- Indian e-commerce is expected to grow at a compound annual growth rate (CAGR) of 27% to reach US$ 163 billion by 2026. The Indian e-commerce industry is projected to reach US$ 300 billion by 2030, experiencing significant growth.
- Third-party logistics providers are anticipated to manage approximately 17 billion shipments within the next seven years.
- As of December 2023, India has around 936.16 million internet subscribers, including about 350 million mature online users actively engaging in transactions
- The B2C E-commerce is expected to grow steadily over the forecast period, recording a CAGR of 8.68% during 2023-27.
- Indian e-commerce is projected to increase from 4% of the total food and grocery, apparel and consumer electronics retail trade in 2020 to 8% by 2025.
- The e-retail market in India is projected to surpass US$ 160 billion by 2028. In 2023, the market is estimated to be valued between US$ 57 billion and US$ 60 billion, marking a significant increase from previous years. This growth equates to an annual addition of US$ 8 billion to US$ 12 billion since 2020.
- The e-commerce industry in India demonstrated remarkable resilience and diversification in fiscal year 2023 (FY23), recording a robust 26.2% jump in order volumes. This growth was primarily driven by a 31.1% surge in demand from tier-1 cities, as work-from-office arrangements resumed following the pandemic-induced disruptions.
(Source - IBEF, Internet)
The warehouse and distribution center billing applications from Vinson completely automate the otherwise manually intensive processes associated with logistics services and bill-checking functions. They can record all transactions associated with picking, putaway, loading, dispatching, and more; cumulating these transactions to generate invoices for each service provider or customer.