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India’s middle-income consumers may drive nearly half of ecommerce growth by 2030: report – Economic Times

India’s middle-income consumers may drive nearly half of ecommerce growth by 2030: report – Economic Times

Indian consumers with an annual income between Rs 2.5 lakh and Rs 10 lakh are likely to fuel almost half of the growth in the country’s $300 billionecommercemarket by 2030, according to a report on Wednesday by strategy consulting firm Redseer.The report describes households earning between Rs 2.5 lakh and Rs 10 lakh annually as ‘mass’ consumers and those earning above Rs 10 lakh as ‘affluent’.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM KozhikodeIIMK Senior Management ProgrammeVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitThe mass section, the report said, would contribute to almost… 

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