Budget 2022 expectations: What retail and e-commerce firms expect from FM

Budget 2022 expectations: From tax reduction to bringing down logistics costs, here's what retail and e-commerce firms expect from FM Sitharaman on February 1

India’s retail market is estimated to reach $1.5 trillion by 2030, from $0.793 trillion in 2020, driven by factors such as urbanisation and income growth. On the other hand, the Indian e-commerce industry is expected to cross the $350 billion mark by 2030, growing at a CAGR of 23 per cent.

The growth driver of the sector in India has been the measures taken by the government on technology and digitisation, especially around innovations, new modes of digital payments/online wallets, and the development of local logistics support.

Accelerated by the pandemic, the Indian e-commerce industry is set to grow by