E-commerce Market growth in India by 2030.
E-Commerce Market in India to reach $350 Billion by 2030: What Will This Mean for SMBs?
Growth of ecommerce market
What’s the News:

Consulting firm RedSeer’s new reports say that the online retail market in India is set to grow from $45-50 billion to $350 billion by 2030. This will make Indian e-commerce the third-largest market in the world. Over 500-600 million Indian shoppers will go online in the next few years, leading to much more returns for online sellers. As the volume of customers from smaller Indian cities start increasing, made-in-India companies can also start expecting to compete in a vibrant market.

Read about it here
What does this mean for Small Businesses?
  • Payment Methods will Change: As India starts to move towards a digital economy, new transactional methods like UPI payments (Bhim, Google Pay), Whatsapp payments, digital currency and vouchers (e-Rupi), and payment methods like ‘Buy Now, Pay Later (BNPL)’ will replace traditional cash or card payments. This will mean that Small Businesses (SMBs) need to have access to payment portals to provide a more wholesome customer experience.
  • Personalization and Customization will Become Important: With more and more shoppers online, standing out from the competition is what will lead to success. SMBs who can provide shopper-specific products or services can expect more customer loyalty and therefore increased revenue. In the time of digitization, the ability to take custom orders and offer a more personal experience will lead to a greater brand value.
  • Fintech, Government, and Private Sectors will Offer Lending: A host of stimulus packages, credit lending, and solutions to delayed payments will become available to SMBs. This is because the success of MSMEs is also linked to increased employment, exports, and the rural economy. If SMBs and MSMEs can take advantage of the wave of digitization and make use of technology, they will also be able to modernize their businesses and create digital records. With even the RBI now accepting digital business records, MSMEs can soon get access to flexible, low-cost credit faster.
Our Final Viewpoint

Online activity for MSMEs is set to take a huge jump. MSMEs who are smart at adopting new technology will emerge as the winners in the next few years. New digital solutions can support SMBs to manage remote transactions, shipping and deliveries, and even access to financial services. Using them, small businesses will be able to benefit from new revenue streams, reduce costs, and eliminate their technological pain points.

As mass adoption of e-commerce pushes more MSMEs to adopt digitally-- why not try it at zero cost? MarketCentral’s commitment is to help small businesses get online faster and do online business better. Our no-fee digital-commerce portal is easy-to-use and can be free for a lifetime. With payment gateway integration, your own free website, and business-to-business networking, meet the increased demand for online services faster at your own pace.

Let us know what you think about this article at support@marketcentral.in

Don't forget to share this post

Facebook Twitter LinkedIn Instagram
News letter

Join 50,000+ entrepreneurs who already have a head start.

Get free online marketing tips and resources delivered directly to your inbox.

Start your online business today. For free.

Sign up for MarketCentral free to access all of the tools and services you need to start, run, and grow your business.

Try MarketCentral for free, no credit card required.

Popular Articles
MSMEs in northeast region


Credit cards for MSMEs


business funds


technological growth


Promote online business


MSME schemes and loans


MSME and customer experience


MSME online advertising


MSME business trends and forecast


MSMEs are job creators

SMBs are top job creators in India

Digital payments for MSME

Here's How UPI Can Help Your Business Grow

MSMEs that grew big

5 Small Indian Businesses That Grew Big

Business safety

5 Ways to Make Your Business Safe from Future Shocks

festival business tips

Diwali business: Tips for small and medium businesses during the Indian festive season!

MSME digital transformation

Get Online, Grow Big: Digital-First Small Businesses Are Prepared for The Future

MSME GST scheme

The New GST Scheme: How Will It Impact Your Online Business?

MSME schemes and credit cards

In the News: MSME Credit Card, post-Covid revival, and new schemes for small businesses

Independent business

How MSMEs Can Grow And Achieve Greater Independence

MSME logistics challenges

Transport and Logistics Challenges Faced By MSMEs

Digitizing supply chain

The Importance of Digitizing Supply Chains for MSMEs

Sustainable business growth

How MSMEs Can Grow Sustainably With Three 'R's

Sustainable business growth

The Importance of Sustainable Growth for Businesses

MSME customer retention strategies

4 Customer Retention Strategies for MSMEs

MSME customer retention strategies

Customer Retention

MSME day

MSME Day 2022

Target market

What is Your Target Market? - Part Two

Target market

What is Your Target Market? - Part One

MSME Data security

9 Ways to Make Your Business Data Safe and Secure Onlines

MSME business automation

Why Automating Your Business Operations Can Make Your Business Smarter and More Efficient

Increase website traffic

8 Effective Ways to Drive Traffic to Your Website

business growth strategies

5 Ways to Keep Your Online Business Growing

SEO services

What is SEO or Search Engine Optimization, and How Can It Help Your Business?

Festival discounts

6 Tips for Marketing Your Business During Festivals.

Branding benefits for MSMEs

Branding for Small Business - What is It, and How to Do It.

branding for MSMEs

What is branding and why do small businesses require it?

Women entreprenuers

Women Entrepreneurship and Women-led MSMEs: Schemes and Benefits PART Two

Women entreprenuers

Women Entrepreneurship and Women-led MSMEs: Schemes and Benefits PART ONE

Digital transformation of MSME

Go Digital, Go Secure: What Does This Mean for MSMEs?

Social commerce benefits

What is Social Commerce and How Can it Help MSMEs?

ISO certification

How to implement ISO 9001 for Your Small Business?

ISO certification

Why is an ISO Certification Important for Your Business?

Financial operations for MSME

Updating Your Financial Operations Can Save Your Business Lakhs of Rupees!

Secure business

Keeping Your Business Safe Online: The MarketCentral Way

MSME digital marketing


Technology upgradation

The MSME Tech Upgradation Scheme: What Does it Mean?

Online business security

5 Ways to Protect Your Data and Build a Secure Online Business

Customer experience benefits

Customer Experience: 3 Ways for B2B Businesses to Stand Out from the Crowd

Online business trends

Diwali 2021: 3 Trends in Online Business, E-commerce Inflation, and More

Ecommerce business trends

4 Steps To Guide Your Business-to-Business (B2B) Enterprise Towards eCommerce Success

Social media outage

What The Facebook, WhatsApp Outage Can Teach Small and Medium Indian Businesses

Growth of ecommerce market

E-Commerce Market in India to reach $350 Billion by 2030: What Will This Mean for SMBs?

Udyam portal for MSMEs

50 Lakh MSMEs Have Registered on Udayam portal. Enroll your business today.

MSME schemes and funds

3 Recent Schemes and Funds for MSMEs and What They Mean

MSME entreprenuers

Entrepreneurship and Competition in the Time of Covid-19

Udaan monopolizing distributions

Amul, Parle Among Businesses That Has Cut Supplies to Udaan

Learnings of MSMEs post covid

Covid-19 Second Wave: What Can Small and Medium Businesses (SMBs) Learn From It?

Amazon's Physical stores

Amazon is Opening Physical Stores. What Does it Mean for Small Businesses?