India's E-commerce Evolution: Consumer Spending, Quick Commerce, and Beyond

 

In an Economic Times interview, Arvind Singhal, Chairman & Managing Director of Technopak Advisors, shares fascinating insights into India’s dynamic e-commerce market and consumer behavior trends:

Private consumption is projected to grow at a CAGR of 10.4% between FY24 and FY29, fueled by real GDP growth (~6-6.5%) and steady inflation (~4.5%). Despite periodic slowdowns, the long-term outlook remains robust.

 

Quick commerce and e-commerce are reshaping the retail landscape. From Zepto’s ultra-fast deliveries to private label dominance at giants like Reliance Retail, the market is evolving to cater to convenience and consumer-centricity.

 

Rural India’s potential: As rural spending strengthens, Q3 and Q4 are expected to rebound, driven by better agricultural performance and increased disposable incomes.

Arvind’s perspective: “E-commerce will continue to grow, but traditional retail will remain vibrant, especially in semi-metro and smaller cities where price sensitivity reigns supreme.”

 

Dive deeper into India’s retail and e-commerce trends in the article featuring Arvind Singhal’s expert insights.

 

Read the full story here: https://m.economictimes.com/markets/expert-view/what-lies-ahead-for-indias-e-commerce-market-arvind-singhal-answers/amp_articleshow/116463955.cms