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India e-retail to hit $170-180B by 2030 as Gen Z rewrites the funnel: Bain

Bain pegs India's e-retail at $65-66B in 2025, growing 20%+ annually to $170-180B by 2030. Gen Z now 40-45% of shoppers, driving Tier 2+ demand, quick commerce ($10-11B GMV), and conversational shopping via Rufus and ChatGPT over traditional search funnels.

Bain pegs India's e-retail at $65-66B in 2025, growing 20%+ annually to $170-180B by 2030. Gen Z now 40-45% of shoppers, driving Tier 2+ demand, quick commerce

Outlook Business · 5/18/2026, 3:21:22 PM · Ask about this →

India e-retail Amazon Rufus Bain & Company ChatGPT