The Indian Online platform industry has been on an upward growth trajectory and is expected to surpass the US to become the second largest online platform business market in the world by 2034. Indian online sector will reach US$99 billion by 2024 from US$30 billion in 2019, expanding at a 27% CAGR, with grocery and fashion/apparel likely to be the key drivers of incremental growth.
The online platform industry has been directly impacting micro, small & medium enterprises (MSME) in India by providing means of financing, technology and training and has a favorable cascading effect on other industries as well. Indian online platform industry has been on an upward growth trajectory and is expected to surpass the US to become the second largest E-commerce market in the world by 2034. Technology enabled innovations like digital payments, hyper-local logistics, analytics driven customer engagement and digital advertisements will likely support the growth in the sector.
The growth in E-commerce sector will also boost employment, increase revenues from export, increase tax collection by ex-chequers, and provide better products and services to customers in the long-term. Rise in smartphone usage is expected to rise 84% to reach 859 million by 2022. E-retail market is expected to continue its strong growth - it registered a CAGR of over 35% to reach Rs 1.8 trillion (US$ 25.75 billion) in FY20.
Second Edition of Future Internet Summit 2021 will be hosting the C-suite professionals from Internet sector in India and will discuss the available opportunities in this particular sector, for both public and private sector.
Understand what business transformations can do for your organisations, not just technology, recognise how best to deploy your finances and gain maximum ROI.
Gain insights on how developing an effective internet platform that can sustain, advance and scale business operations may be the most important task faced the region’s decision-makers
Get on-board with the chance to transform your business while the internet market is evolving rather than playing catch-up.
Meet the like-minded people, identify opportunities for partnerships, joint ventures, or new areas of business interest. Interact with influential people that you wouldn’t otherwise be able to easily talk to or find.
Congrats for the tremendous effort – its visible, every small details taken care. Special mention of itinerary for speakers – 1st class
Very proactive and thoughtful in hand picking the prospects for us; it is noticed that Exito staff take that extra mile to ensure customer satisfaction.
Pre qualified one on one session- This is where exito add value to partners. Satisfied with the quality of the event and participants.
Exito gets very target oriented delegates and networking sessions is opt and different. Support is always great from team to meet our expectations. At the outset I want to congratulate you all for a well-organized CIO event. It was fruitful for us.
At the outset I want to congratulate you all for a well-organized CIO event. It was fruitful for us.
Exito is Spanish for 'success'! We are a business solutions company focused on crafting bespoke solutions and contexts by designing platforms that create new business opportunities for our clients across concepts and industries.
SOCIAL