The Ontario government is holding a webinar on Indian e-commerce to assist Ontario companies to formulate a market-entry approach for their products and services in this growing global sales channel.
The Indian e-commerce sector is expected to jump by 21.5 percent and reach U.S.$74.8 billion in 2022. Rising Internet and smartphone penetration, an increase in digital literacy and the Indian government’s digital ambitions have propelled online sales in the country. Covid-19 has also accelerated the shift toward online shopping.
E-commerce payments in India are expected to rise at a compound annual growth rate of 18.2% between 2021 and 2025, to reach U.S.$120 billion.
The most popular segments in India include electronics; apparel; home and furnishings; baby, beauty, personal care and wellness products; and books.