Shiprocket launches e-commerce trends report with ONDC at SHIVIR

Shiprocket has launched a new trends report titled “eCommerce in the New Bharat, and it’s Future” with the aim of decoding the evolving consumer behaviour

The report forecasts that consumer spending in India is expected to be $4 trillion by 2030, growing at a CAGR of ~10%

UPI emerged as the most preferred prepay option (57%), followed by credit cards (31%), and other payment options like wallets, net banking, and debit cards

Fashion & Accessories (48%) stood as the highest shopped category according to the consumers, followed by Electronics (32%) and Groceries (30%)

The extensive consumer survey also inferred that nearly 80% of consumers prefer shopping at online marketplaces