Indian e-logistics soars on strong demand
An annualised growth rate of 35% is forecast in the booming Indian e-commerce logistics sector
A report by Bengaluru-based Redseer Strategy Consultants has estimated a compound annual growth rate of 35% for the logistics market supporting India’s booming e-commerce sector.
That growth has propelled it up being one of the largest logistics markets globally.
Within the next five years, e-commerce logistics shipments are expected to grow four-fold according to the report.
The authors note that technological advances have enabled small and medium-sized businesses to enter the market, while smartphones and the localisation of the internet in non-English languages have drawn in new consumers from non-urban locations.
The research also says that the availability of multiple payment options such as UPI, no-cost EMI and BNPL (buy now, pay later) is encouraging more consumers to use digital commerce.