According to a report by the think tank Global Trade Research Initiative (GTRI), India’s e-commerce exports could potentially soar to $350 billion by 2030. The report highlights that this sector has the capability to grow faster than India’s IT exports did in the early 2000s. Despite this promising potential, current e-commerce export figures remain significantly lower than expected.

The session brought together a diverse group of stakeholders, including representatives from IIT, BHU, and major industry players such as the All India Gaming Federation, Zomato, EaseMyTrip, Urban Company, Uber, and CRED. 

Madhumita Mohanty, a retail consultant and educator, attributed the growth of e-commerce in India to factors such as increasing mobile phone and internet penetration, rising aspirations, urbanization, and the adoption of Unified Payments Interface (UPI).

The Department of Consumer Affairs responded to a surge in e-commerce complaints by holding a stakeholder consultation on fake reviews. With grievances on the rise, stakeholders agreed on the necessity of a quality control order to ensure genuine reviews are published, aiming to safeguard consumer trust in online shopping platforms.

With the second-largest internet user base globally, India is slated to ascend to the third spot in the online retail industry by 2030, driven by the exponential growth of its digital economy.

e-commerce FBOs were advised to promptly rectify this misclassification by relocating such products to their appropriate categories as per existing regulations.

With the Lok Sabha elections looming, e-commerce platforms are witnessing a surge in the sale of political merchandise, ranging from BJP-branded dream catchers to Congress-themed dupattas.

The CII report introduces an ambitious 'Unicorn 2.0' scenario, envisioning the startup ecosystem's potential to add USD 1 trillion to India's estimated USD 7 trillion economy by FY30, thereby creating over 50 million jobs.

Aimed at shaping cross-border e-commerce policies and aiding MSMEs, the summit will feature discussions on consumer protection, data governance, social media's impact, and emerging payment technologies. Over 70 experts will participate.

ONDC plays a pivotal role in supporting and training FPOs, offering services such as free registration, assistance in developing and digitizing product catalogues, generating shipping labels, identifying delivery partners, and facilitating digital payments, thereby enabling FPOs to effectively leverage the platform for marketing their products.

An e-commerce platform cannot become a haven for infringers of intellectual property and have such a system which provides an avenue to counterfeiters, the Delhi High Court has said.