Lockdown impact: India e-commerce market picks pace, may touch ₹7 trln by 2023
4 years, 7 months ago

Lockdown impact: India e-commerce market picks pace, may touch ₹7 trln by 2023

Live Mint  

MUMBAI: The coronavirus pandemic will accelerate the growth of India’s e-commerce market, pushing it to ₹7 trillion by 2023, according to GlobalData, a London-based data analytics firm. “The growth of Indian e-commerce market has been revised up, considering the positive push due to coronavirus outbreak,” said GlobalData on Friday. The e-commerce market in India is set to grow at a compound annual growth rate of 19.6% between 2019 and 2023. The market is anticipated to continue its growth exceeding the previous forecast levels to reach $98.4 billion in next four years.” Propelled by rising smartphone penetration, the launch of 4G networks and increasing consumer wealth, the Indian e-commerce market is expected to grow to $200 billion by 2026 from $38.5 billion in 2017, according to Indian Brand Equity Foundation.

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History of this topic

Indian economy to grow 6.6% in FY26: Ind-Ra
3 weeks ago

Indian economy to grow 6.6% in FY26: Ind-Ra

The Hindu  

India Ratings and Research on Wednesday projected the Indian economy to grow at 6.6% in 2025-26, up from 6.4% in the current fiscal year. Ind-Ra believes investments will be a key growth driver for the Indian economy in FY26, like in FY22 and FY24. While the June quarter GDP growth of FY25 was impacted by the combination of a strong …

Smartphone market stays below pandemic levels, concerns remain
3 weeks, 1 day ago

Smartphone market stays below pandemic levels, concerns remain

Live Mint  

India’s $40-billion-plus smartphone economy is likely to continue below the demand in the pandemic era, raising concerns around how the market can revive itself. With government-affiliated think-tank Niti Aayog valuing India’s electronics industry at $155 billion as of the past fiscal, the smartphone economy is important as it accounts for over a quarter of the electronics market, without taking exports …

India’s media and entertainment industry poised to outpace global growth, hit ₹3.65 trillion by 2028
4 weeks, 2 days ago

India’s media and entertainment industry poised to outpace global growth, hit ₹3.65 trillion by 2028

Live Mint  

India’s media and entertainment sector is poised to grow at a compound annual growth rate of 8.3%, reaching ₹3.65 trillion by 2028, far outpacing the global growth rate of 4.6%, according to PwC India’s report, Global Entertainment & Media Outlook 2024–28: India Perspective. Bolstered by India’s economic expansion and rising consumption, the advertising market is expected to grow at a …

India’s PC market at all-time high in third quarter of 2024
1 month, 1 week ago

India’s PC market at all-time high in third quarter of 2024

New Indian Express  

Leading PC brands in India When it comes to brand performance, HP Inc. led the market with a share of 29% in 3Q24, maintaining its leadership in both the commercial and consumer segments. Lenovo, the Chinese laptop maker, ranked second with a 17.3% share, while Dell Technologies secured third place with 14.6% of the market. In the commercial segment, Dell …

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India
1 month, 3 weeks ago

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India

Firstpost  

The Indian smartphone market overall grew by 5.6 per cent year-over-year, marking its fifth consecutive quarter of positive growth. While Apple made headlines with its impressive numbers, Vivo maintained its position as the market leader, holding 15.8 per cent of the total market share The premium smartphone segment, comprising devices priced between $600 and $800, witnessed the most significant growth, …

Samsung, OnePlus woes threaten premium smartphone growth in India
1 month, 3 weeks ago

Samsung, OnePlus woes threaten premium smartphone growth in India

Live Mint  

NEW DELHI : India’s premium smartphones market witnessed a surprisingly muted festive period as buyers deferred purchases citing lack of innovation, according to retailers and distributors. Read this | Diwali smartphone sales revive budget phones—for now “Samsung’s premium devices saw a clear downturn in demand from buyers during the festive period, even though it did strongly in the budget 5G …

LG Electronics weighs India IPO to chase $75 billion goal
4 months, 1 week ago

LG Electronics weighs India IPO to chase $75 billion goal

Hindustan Times  

LG Electronics Inc. is considering an initial public offering for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Chief Executive Officer William Cho said an Indian market debut is one of several options it’s weighing to revitalize a decades-old consumer electronics business. In …

LG Electronics weighs India IPO to help chase $75 billion goal
4 months, 1 week ago

LG Electronics weighs India IPO to help chase $75 billion goal

Live Mint  

LG Electronics Inc. is considering an initial public offering for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030. Chief Executive Officer William Cho said an Indian market debut is one of several options it’s weighing to revitalize a decades-old consumer electronics business. In the first six months …

E-grocery continues to grow at the same pace even after the pandemic
11 months, 1 week ago

E-grocery continues to grow at the same pace even after the pandemic

Deccan Chronicle  

Chennai: E-grocery, which grew at a CAGR of 64 per cent during the pandemic, continues its pace of growth even after the return of normalcy. Among the various e-tailing segments, e-grocery had the highest growth rate at 64 per cent since FY19. However, of the total number of e-tailing users in India, only about 11 per cent or 25 million …

Smartphones see a muted ’23, this year may be better
1 year ago

Smartphones see a muted ’23, this year may be better

Live Mint  

New Delhi: India’s smartphone market cooled for a second straight year in 2023, analysts polled by Mint said, even as they expect the year ahead to be better than the last. Smartphone volumes at 144-145 million units in 2023 remained unchanged from the previous year or were slightly less, four telecom analysts polled by Mint said. However, helped by higher-priced …

CoWIN Breach, Apple Alerts: What Was It Like Living in Digital India in 2023?
1 year ago

CoWIN Breach, Apple Alerts: What Was It Like Living in Digital India in 2023?

The Quint  

Flip-flop on laptop, tablet imports: Initially, the central government placed imports of laptops, tablets, all-in-one personal computers, and ultra-small form factor computers, and servers under the ‘restricted’ category, making their imports permissible only under a valid licence. Apple retail stores in India: In April, CEO Tim Cook made his way to India to launch the first Apple retail stores in …

Indian brands register strong growth as entry segment TWS dominate global market: Report
1 year, 2 months ago

Indian brands register strong growth as entry segment TWS dominate global market: Report

The Hindu  

TWS devices priced under $50 dollars dominated the market with an increase of 15% in unit sales in H1 2023. The growth was witnessed despite the overall TWS market recording a drop of 2% year-over-year in unit sales, Counterpoint a research and analysis firm, said. China, one of the world’s largest TWS market also showed signs of recovery as the …

Internet economy to become 12–13% of GDP by 2030: Report
1 year, 7 months ago

Internet economy to become 12–13% of GDP by 2030: Report

The Hindu  

India’s internet economy — B2C e-commerce firms, online service providers, ed-tech companies, and so on — will hit $1 trillion in value by 2030, up from $175 billion in 2022, a report by Google, Bain & Company and Temasek estimated. The key thrust would come from “Tier 2+ locations,” the report said, emphasising smaller towns and rural areas, where the …

India’s smartphone shipments decline 21% in Q1 2023: Report
1 year, 8 months ago

India’s smartphone shipments decline 21% in Q1 2023: Report

The Hindu  

India’s smartphone market shipments declined 21% in the March-ending quarter, compared to the same period last year. There were 34 new 5G smartphone launches in the first quarter of 2023, CMR’s ‘India Mobile Handset Market Review Report for Q1 2023’ report said. However, the super-premium smartphone segment and the Uber premium segment shipments saw remarkable growth of 96% and 208% …

Smartphone Shipments In India Decline 16% In January-March: IDC Report
1 year, 8 months ago

Smartphone Shipments In India Decline 16% In January-March: IDC Report

News 18  

Smartphone shipments in India declined 16 per cent year-on-year in the January-March quarter to 31 million units, market research firm IDC said on Thursday. “31 million smartphones were shipped in India during the first quarter of 2023, a decline of 16 per cent YoY, and the lowest first-quarter shipments in four years," International Data Corporation’s Worldwide Quarterly Mobile Phone Tracker …

E-commerce surge: India to add 80 million online shoppers by 2025
1 year, 8 months ago

E-commerce surge: India to add 80 million online shoppers by 2025

Live Mint  

New Delhi: India has gained 125 million online shoppers in the past three years, with another 80 million expected to join by 2025, according to a report by marketing data and analytics company Kantar. The increasing online presence is expected to boost e-commerce sales, as 77 million shoppers purchased from social platforms such as Facebook, WhatsApp and social-commerce sites in …

India’s smartphone market declined 10% in 2022, Apple leads premium segment: Report
1 year, 10 months ago

India’s smartphone market declined 10% in 2022, Apple leads premium segment: Report

The Hindu  

India’s smartphone market exited 2022 with 144 million shipments, lowest since 2019, with a 10% decline y-o-y, noted International Data Corporation. In the premium segment of $500+, Apple maintained its lead with a 60% share with iPhone 13 being the 3rd most shipped device in 2022, followed by Samsung with a 21% share. Brand-wise, Xiaomi maintained lead with 18.6% market …

E-commerce, fintech surged in smaller cities post-COVID: Economic Survey
1 year, 11 months ago

E-commerce, fintech surged in smaller cities post-COVID: Economic Survey

The Hindu  

The e-commerce sector “witnessed a renewed push and a sharp increase in penetration in the aftermath of the pandemic,” the Economic Survey 2022-23 said. Those “that adopted digital solutions fared far better than offline MSMEs, assisting them in accessing a large marketplace without incurring huge costs,” according to a study by the Indian Institute of Foreign Trade cited by the …

India smartphone market to grow by 10% and reach 175 mn units in 2023.
2 years ago

India smartphone market to grow by 10% and reach 175 mn units in 2023.

India TV News  

It has been predicted in reports that the Indian smartphone market is set to grow by 10% and reach 175 million units in the coming year. Buoyed by the 5G push and a high installed base, the Indian smartphone market has been projected to grow by 10 per cent in 2023 to reach 175 million units, a report showed on …

How e-com giant Flipkart is powering India’s retail growth story
2 years, 1 month ago

How e-com giant Flipkart is powering India’s retail growth story

Hindustan Times  

India is amongst the fastest-growing economies in the world today and e-commerce has acted as one of the major pillars of this growth, especially in the aftermath of the pandemic when customers across the country transitioned to online retail as the preferred platform for all kinds of purchases. As retail moved online and powered the growth of the economy, major …

How Amazon, Flipkart, and electronics makers are whetting buyers’ palate for the festive season?
2 years, 3 months ago

How Amazon, Flipkart, and electronics makers are whetting buyers’ palate for the festive season?

The Hindu  

E-commerce portals have set their sights on the festive season. Amazon’s Great India Festival and Flipkart’s Big Billion Days sales coincide with Samsung and Xiaomi’s in the gadget segment. 5G’s appeal According to research firm Techarc, users are buying multiple devices, primarily smartphones. “With imminent 5G roll-outs in the near future, 5G premium smartphones and 5G value-for-money smartphones will be …

Indians are shopping online more than ever before
2 years, 6 months ago

Indians are shopping online more than ever before

Live Mint  

Online retail spending in India is expected to grow nearly sixfold to $300 billion by 2030, with expansion in the number of digitally-influenced shoppers and online shoppers, a Boston Consulting Group report said on Wednesday. According to the report, the number of digitally influenced shoppers has grown rapidly in recent years, reaching 280 million from 260 million and online shoppers …

It may take 12 years for Indian economy to overcome COVID losses, says RBI report
2 years, 8 months ago

It may take 12 years for Indian economy to overcome COVID losses, says RBI report

Firstpost  

The RBI released the Report on Currency and Finance for the year 2021-22 on Friday whose theme is ‘Revive and Reconstruct’ in the context of nurturing a durable recovery post-COVID and raising trend growth in the medium-term Mumbai: The Indian economy is likely to take over 12 years to overcome the COVID-19 losses, according to a report released by the …

Economy may take more than a decade to overcome COVID-19 losses: RBI report
2 years, 8 months ago

Economy may take more than a decade to overcome COVID-19 losses: RBI report

The Hindu  

The Indian economy may take more than a decade to overcome the losses caused by the outbreak of COVID-19 pandemic, according to Reserve Bank of India’s Report on Currency and Finance. Taking actual growth rate of 6.6% for 2020-21, 8.9% for 2021-22 and assuming growth rate of 7.2% for 2022-23 and 7.5% beyond that, India is expected to overcome COVID-19 …

India’s Q1 imports lift trade with China to record high
2 years, 8 months ago

India’s Q1 imports lift trade with China to record high

The Hindu  

A sharp increase in India’s imports of Chinese goods in the first quarter of 2022 lifted bilateral trade by 15% to a record $31.96 billion, trade data released by China on Wednesday show. In 2021, India’s trade with China surpassed the $100 billion mark for the first time to reach $125 billion, driven by demand for electronic products, chemicals and …

India smartphone market grew 12% in 2021, report says
2 years, 11 months ago

India smartphone market grew 12% in 2021, report says

The Hindu  

India’s smartphone market witnessed a growth in shipments in 2021, recovering strongly in the latter part after a tough start to the year due to the second wave of COVID-19. The smartphone shipments in the country surged 12% to 162 million units in 2021, compared to the previous year, according to a report by market analyst firm Canalys. Among the …

Covid-19: Omicron surge cripples several businesses, to hit economic recovery
3 years ago

Covid-19: Omicron surge cripples several businesses, to hit economic recovery

India Today  

A fresh wave of Covid-19 infections in India has cast a shadow over economic recovery as several sectors have been impacted by fresh restrictions that have been announced in view of the situation. Numerous businesses spanning across multiple sectors have been impacted in light of the fresh restrictions imposed by states. While many people are still travelling despite the fresh …

Firms see Covid as top risk
3 years ago

Firms see Covid as top risk

Deccan Chronicle  

Mumbai: Covid-19 has emerged as the number one risk among the various risk factors disclosed by companies launching their initial public offerings, according to their red herring prospectus. Be it equity or debt offerings that recently hit the primary market or are in the pipeline, companies across the sectors are disclosing the ways in which Covid-19 could have a material …

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's
3 years, 1 month ago

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's

Firstpost  

In a report, the rating agency said credit fundamentals are favourable for India’s companies on a sustained economic recovery and earnings of rated companies’ will rise on strong consumer demand and high commodity prices New Delhi: Moody’s Investors Service on Thursday said India’s rising vaccination rate, low interest rates and higher public spending drive the positive outlook for corporate sector. …

Explained: Is India's economy gaining immunity against Covid-19?
3 years, 4 months ago

Explained: Is India's economy gaining immunity against Covid-19?

India Today  

India’s economy is on track to rebound sharply after two waves of the Covid-19 pandemic dampened growth during all four quarters of FY21. A majority of financial analysts predict GDP growth at 18-20 per cent in the June quarter and remain optimistic about economic recovery in upcoming quarters as the second wave fades and more Indians get vaccinated against the …

Value e-commerce in India to touch $40 billion by 2030: Report
3 years, 4 months ago

Value e-commerce in India to touch $40 billion by 2030: Report

The Hindu  

The value e-commerce market in India is expected to touch $40 billion by 2030, up from $4 billion in 2019, driven by a rapid increase in internet user base and as more people embrace online shopping, a report by Kearney said. He added that while only 4% of this demand is today served by online channels, this will rise to …

India’s smartphone sales fall 13% during second COVID-19 wave
3 years, 5 months ago

India’s smartphone sales fall 13% during second COVID-19 wave

The Hindu  

India’s smartphone sales fell 13% in the second quarter compared with the previous one as a second wave of COVID-19 infections hurt demand in the world's No. China's Xiaomi Corp continued to be the top brand favoured by Indian buyers with a 29% market share, followed by South Korea's Samsung Electronics Co Ltd at 17% share, Canalys said. Chaurasia predicted …

India's Smartphone Sales Fall 13% During Second COVID-19 Wave: Canalys Report
3 years, 5 months ago

India's Smartphone Sales Fall 13% During Second COVID-19 Wave: Canalys Report

News 18  

India’s smartphone sales fell 13 percent in the second quarter compared with the previous one as a second wave of COVID-19 infections hurt demand in the world’s No. Online smartphones purchases, however, helped sales surge 87 percent compared with a year earlier, according to market research firm Canalys. China’s Xiaomi continued to be the top brand favoured by Indian buyers …

Explained: How businesses plan to expand as Covid situation improves
3 years, 5 months ago

Explained: How businesses plan to expand as Covid situation improves

India Today  

Several businesses in the country are planning to expand as the Covid-19 situation improves after the deadly second wave. A retail sales boost is crucial for India’s economic recovery, which was unceremoniously halted by the second Covid-19 wave. FABINDIA’S EXPANSION DRIVE Fabindia, one of the country's most well-known retail chains dealing in a variety of ethnic and handmade products, plans …

Covid-19 slows down in India, how rest of world doing
3 years, 6 months ago

Covid-19 slows down in India, how rest of world doing

India Today  

The second wave of the Covid-19 pandemic has retreated in most parts of India. The decline in Covid-19 cases in India has India remained the biggest global Covid-19 hotspot during the second wave of the coronavirus pandemic. The WHO chief said, “The number of deaths reported last week was similar to the previous week, and the global decline masks a …

India's factory activity growth slipped in May as demand fell
3 years, 7 months ago

India's factory activity growth slipped in May as demand fell

India Today  

India's factory activity growth slowed significantly in May as an escalation in coronavirus cases whacked new orders and output while scarcity of raw materials drove up input costs, a private sector survey showed on Tuesday. India has already reported around 28 million coronavirus cases and over 300,000 deaths, leading many states to impose restrictions affecting economic activity. Read | Core …

Indian economy, hit by COVID-19, shrinks by 7.3% in 2020-21
3 years, 7 months ago

Indian economy, hit by COVID-19, shrinks by 7.3% in 2020-21

Associated Press  

NEW DELHI — India’s economy, pummeled by the coronavirus pandemic, contracted by 7.3% in the 2020-21 financial year, just before the country was hit by another catastrophic surge in infections. Daily new cases set global records, spurring many states to announce widespread restrictions and lockdowns. In January, a government survey estimated the economy -- previously one of the fastest growing …

Covid-19: Should India start opening up?
3 years, 7 months ago

Covid-19: Should India start opening up?

Hindustan Times  

The second wave of Covid-19 infections in India is slowing down. Higher mobility levels might have acted as a catalyst for the second wave The first wave of Covid-19 infections in India reached its trough on February 11. The second wave reached its peak in Delhi on April 23, 2021 with a seven-day average of 25,294 daily cases. For example, …

Indian economy's ability to rebound on test amid threats from second wave
3 years, 7 months ago

Indian economy's ability to rebound on test amid threats from second wave

Hindustan Times  

The Indian economy’s resilience will be tested by its ability to overcome a devastating outbreak of Covid-19, although no one’s yet doubting its potential to pull off the world’s fastest pace of growth among major economies this year. Data due later Monday will probably show gross domestic product grew 1% in the three months ended March, making it the second …

India's economy may grow at world's fastest rate in FY22 despite Covid shock
3 years, 7 months ago

India's economy may grow at world's fastest rate in FY22 despite Covid shock

India Today  

India’s economy has been predicted to grow at the fastest rate among all major economies in the world this year despite the disruption caused by the second wave of Covid-19 pandemic. It may be noted that the estimate has been shared after several ratings agencies downgraded previous growth forecasts for India due to the impact on the economy triggered by …

India’s economic report card is drenched in red ink
3 years, 7 months ago

India’s economic report card is drenched in red ink

Live Mint  

India’s nascent economic recovery has been derailed by the second covid-19 wave even before it could gather steam. Launched in October 2018, Mint’s macro tracker provides a monthly state-of-the-economy report based on trends in 16 high-frequency indicators across four segments: consumer economy, producer economy, external sector, and ease of living. A year ago, during the first nationwide lockdown, 13 of …

Second wave of Covid infections can imperil India's economic recovery, says S&P
3 years, 7 months ago

Second wave of Covid infections can imperil India's economic recovery, says S&P

India Today  

Second wave of Covid-19 infections can imperil India's economic recovery, says American credit rating agency S&P. In its assessment, S&P said, "In a moderate scenario in which the pandemic peaks later this month, GDP for the full fiscal year could drop by another 1.2 per cent." Learn more: https://t.co/BG2hipATS7 pic.twitter.com/9sQUOuP5IZ — S&P Global Ratings May 13, 2021 However, S&P goes …

United Nations raises India’s growth forecast for 2021 to 7.5%
3 years, 7 months ago

United Nations raises India’s growth forecast for 2021 to 7.5%

Op India  

Even as India grapples with the second wave of the coronavirus outbreak, the United Nations has raised the country’s growth forecast by 0.2 per cent to 7.5 per cent for the fiscal year 2021. With the forecast of 10.1 per cent in 2022, India will become the fastest-growing major economy in the world, moving past China, which is predicted to …

IMF to Revisit Growth Forecast for India Due to Surge In Covid-19 cases
3 years, 8 months ago

IMF to Revisit Growth Forecast for India Due to Surge In Covid-19 cases

News 18  

The International Monetary Fund said on Thursday that a multilateral response is critical to overcome the COVID-19 pandemic in India and globally as it hailed recent announcements by several countries to provide immediate support to India. Over 40 countries have committed to provide India urgently required medical supplies like oxygen-related equipment and critical medicines to help it deal with an …

India suffers record daily coronavirus deaths as total new cases dip slightly
3 years, 8 months ago

India suffers record daily coronavirus deaths as total new cases dip slightly

ABC  

India has recorded its highest daily death toll since the start of the coronavirus pandemic, with nearly 3,700 people dying in 24 hours. Key points: Ten Indian states and union territories have imposed some form of restrictions The federal government has reportedly been advised to impose a national lockdown The government has been accused of ignoring warnings in early March …

India’s second wave of COVID-19 infections may dent smartphone shipments
3 years, 8 months ago

India’s second wave of COVID-19 infections may dent smartphone shipments

The Hindu  

India’s smartphone shipments may be affected in the coming quarters as consumer demand may dip due to a surge in COVID-19 infections and subsequent lockdowns across the country, according to research firm Counterpoint. Counterpoint cautioned that "A second and more virulent wave of COVID-19 is currently on in the country, and is likely to impact the coming quarters.” Smartphone shipments …

Second Covid Wave Poses Downside Risks to India's Economic Growth: S&P
3 years, 8 months ago

Second Covid Wave Poses Downside Risks to India's Economic Growth: S&P

News 18  

S&P Global Ratings on Wednesday said the second wave of Covid infections poses downside risks to India’s GDP and heightens the possibility of business disruptions. Last week another global rating agency Fitch had projected India’s economic growth in current fiscal at 12.8 per cent, while Moody’s Investors Service had earlier this month said that the second wave of Covid infections …

India's GDP to Grow at 11% This Fiscal, Surge in Covid Cases May Put Economic Recovery at Risk: ADB
3 years, 8 months ago

India's GDP to Grow at 11% This Fiscal, Surge in Covid Cases May Put Economic Recovery at Risk: ADB

News 18  

The Indian economy is projected to grow at 11 per cent in the current financial year amid the “strong” vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in Covid cases may put the country’s economic recovery at “risk”. “India’s economy is expected to grow 11 per cent in fiscal year 2021, which ends on March 31, …

Covid-19: Trade worth Rs 5 lakh crore affected as lockdowns hamper businesses
3 years, 8 months ago

Covid-19: Trade worth Rs 5 lakh crore affected as lockdowns hamper businesses

India Today  

Strict restrictions imposed in various states due to the second wave of Covid-19 has led to a pan-India business loss of Rs 5 lakh crore, according to the Confederation of All India Traders. Several states have imposed strict lockdowns to limit the spread of Covid-19 during the deadlier second wave, which has overwhelmed the country’s healthcare system. Retail traders across …

World’s fastest recovery outlook at risk as Covid-19 sweeps India
3 years, 8 months ago

World’s fastest recovery outlook at risk as Covid-19 sweeps India

Live Mint  

Just two weeks ago, the International Monetary Fund upgraded India’s economic growth forecast to 12.5% -- the quickest rate among major economies. “This second wave of virus cases may delay the recovery, but it is unlikely in Fitch’s view to derail it,” the ratings company said in an April 22 statement. “While the rapidity with which cases are rising is …

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