India’s e-commerce market to hit $345 billion by 2030

India’s e-commerce sector is projected to grow nearly three times to $345 billion by 2030 from $125 billion in 2024, propelled by the rapid expansion of quick commerce and artificial intelligence (AI) integration, according to a report released on Wednesday.

According to the report titled ‘Smart Growth in a Fast Market’ by research consultancy Infisum, the market is expected to grow at a compound annual growth rate (CAGR) of 18.4 per cent through 2030.

The report highlights that the country’s dark store network is set to nearly triple from 2,525 in 2025 to approximately 7,500 by 2030 to meet the surging demand for rapid deliveries.

“India’s e-commerce sector is entering a transformative phase of growth and innovation, with the market projected to nearly triple from $ 125 billion in 2024 to $345 billion by 2030.

“Quick commerce is the fastest-growing segment within India’s e-commerce ecosystem. Valued at an estimated $65-70 billion by 2030, the segment is expected to contribute 45-50 per cent of incremental e-retail growth over the next five years,” the report stated. In the competitive quick commerce segment, Blinkit leads with a 44 per cent market share, having processed 900 million orders in FY26. It is followed by Zepto and Swiggy Instamart with market shares of 25 per cent and 20 per cent, respectively.

The report identifies Gen Z as a primary driver of growth, already accounting for nearly one-third of online shoppers.