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Consumer digital economy to be $800 bn by 2030: RedSeer report

India’s consumer digital economy, which was pegged at $85-90 billion in CY2020, is expected to become a $800- billion market by 2030, according to reports released by consulting firm RedSeer at their flagship event Ground Zero 5.0. The digital economy includes 60 per cent travel, 40 per cent non-grocery retail, 30 per cent of education, 25 per cent of food and beverages services, and 6 per cent pharma/grocery that will go through digital channels by CY2030. Online retail is set to become the third-largest online market by scale by CY2030, with an annual gross merchandise value of $55 billion in CY2021 and $350 billion in CY2030, said RedSeer. The Ground Zero 5.0 event was attended by Amitabh Kant, CEO of NITI Aayog, TV Mohandas Pai, chairman, Manipal Global Education Services, and Sanjeev Bikhchandani, co-founder, Info Edge, along with other stalwarts of the start-up industry. Business Standard

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