<p>In 2022, it is projected that the Indian e-commerce market will expand by 21.5% and reach $74.8 billion.</p>
<p>In India, e-commerce has completely transformed how businesses run. The Indian e-commerce market is anticipated to grow from US$ 46.2 billion in 2020 to US$ 188 billion by 2025. By 2030, it is projected to reach US$ 350 billion. By 2024 and 2026, respectively, it is projected that India's e-commerce market will reach 111 billion and 200 billion US dollars.</p>
<p>The industry's growth is mostly attributable to a rise in internet and smartphone usage. In 2021, there were 830 million internet connections worldwide, mostly as a result of the "Digital India" initiative. Metropolitan regions accounted for 55% of all internet connections, and 97% of those connections were wireless.</p>