Consumer digital economy of India to reach $800 bn by 2030: RedSeer

01 Jul 2021 CW Team

The consumer digital economy of India is estimated to reach $800 billion by 2030. It is against $85-90 billion in the calendar year 2020.

According to ReedSeer report, the digital economy includes 60% of the travel business running via digital channels by the year 2030 and 25% of food and beverages services going digital by the same year.

RedSeer said online retail of India is ready to become the third-largest market by scale over the next decade, including an annual gross merchandise value (GMV) of $55 billion in the year 2021 and $350 billion in the next ten years.

RedSeer chief executive Anil Kumar told the media that due to the effect of Covid-19, digital services worked quite well, which is visible in high customer satisfaction and willingness to keep using digital as an essential way to satisfy their needs.

The next wave of entrepreneurs will design innovations that would make the Indian model successful globally.

RedSeer is one of the largest management consulting firms in India. They help the consumer internet space on growth strategy, innovative product development, and many other things.

Image Source

Also read: India’s global economic recovery positive: EY report

Also read: India received $64 billion in Foreign Direct Investment in 2020: UN

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..