Online retail may hit Rs 4.9-trillion GMV this year: RedSeer report

In the India e-tailing GMV Index, there is a monthly growth comparison. In 2022, this was 60 per cent higher in April than April 2021

Online retail

In India, there are quick commerce players such as Swiggy Instamart, Zomato, Dunzo, Blinkit, and BigBasket

Peerzada Abrar Bengaluru
India’s online retail landscape remains on a robust growth trajectory despite transition to offline. In April, May, and June this year, close to 40-60 per cent year-on-year (YoY) growth was observed, according to a report by consulting firm RedSeer.

With a compound annual growth rate of 38 per cent, the market is set for strong gross merchandise value (GMV) growth, and a GMV of Rs 4.9 trillion is expected in calendar year 2022. Additionally, a strong share of tier-2 online shoppers is also expected to further drive this growth.

“Offline retail and recreation activity are back to pre-Covid levels. Yet India’s online retail remains on a robust growth trajectory despite offline unlocking,” said Mrigank Gutgutia, partner at RedSeer, adding, “During the pandemic,

First Published: Jul 22 2022 | 07:10 AM IST

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