CONSUMER SPENDING IN India is expected to exceed $4 trillion by 2030, growing at a compounded annual growth rate (CAGR) of 10%, according to a recent report by e-commerce enablement platform Shiprocket and Open Network for Digital Commerce (ONDC).
The 'eCommerce In The New Bharat And Its Future' report, released along the sidelines of Shiprocket's flagship SHIVIR summit, 2023, stated that factors such as technological innovation in consumer products, higher internet penetration, a strong local consumer ecosystem, evolving consumer habits, increasing female workforce participation, policy support in the form of Make in India and 'Aatmanirbhar Bharat', and a working age majority with a median age of 31 years in 2030 (as opposed to 42 years in China and 40 years in the US) will all be behind this development.
Diese Geschichte stammt aus der August 05, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der August 05, 2023-Ausgabe von Financial Express Mumbai.
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