Additionally, as a social backdrop,
Posted: Sun Feb 02, 2025 6:59 am
India's internet penetration rate is also growing rapidly, and the country also has the world's largest population of Gen Z and millennials, who are seen as the main consumers in the future. As a result, India's international importance in cross-border e-commerce and business development is said to continue to grow.
The cross-border e-commerce market has also been growing rapidly recently, with India's e-commerce sales expected to reach US$56.7 billion in 2023 (68.4 trillion yen at an exchange rate of 120 yen to the dollar; Japan's e-commerce market size in 2023 will be approximately 18 trillion yen, so India's e-commerce market size will already be 3.7 times that of Japan as of 2023 ), an increase of nearly US$30 billion compared to 2020.
The Indian e-commerce market is expected to reach USD 1.1 guatemala consumer email list trillion by 2027 and USD 2 trillion by 2032.
For comparison, Japan's e-commerce market is expected to reach approximately US$325.9 billion in 2027 (IMARC). In just four years' time, India's market size will already be about four times that size.
*UPI (Unified Payments Interface) is a real-time payment system developed by the National Payments Corporation of India (NPCI). UPI integrates multiple bank accounts into a single mobile application, enabling seamless and fast fund transfers. UPI
has greatly promoted the spread of digital payments in India. Since its introduction in 2016, transaction volume has grown rapidly, and billions of transactions are now being made every month.
National Payments Corporation of India (NPCI)
Web marketing for India
English is widely used in the Indian market, so Google Ads and guatemala consumer email list Facebook Ads in English are effective.
In developed countries, the cost per click is 30 yen or more, but in the Indian market, it is around 1 yen per click, so you can get a lot of clicks.
Cross-border e-commerce regulations in India
India has strict import regulations for certain products, especially food and pharmaceutical products, with quality standards and labelling regulations. Customs duties also vary from product to product, so it is important to check the Indian Government Import Tariff Schedule.
You can also check this using the customs inspection tool we developed → Customs Duty Calculation Tool
GST
The cross-border e-commerce market has also been growing rapidly recently, with India's e-commerce sales expected to reach US$56.7 billion in 2023 (68.4 trillion yen at an exchange rate of 120 yen to the dollar; Japan's e-commerce market size in 2023 will be approximately 18 trillion yen, so India's e-commerce market size will already be 3.7 times that of Japan as of 2023 ), an increase of nearly US$30 billion compared to 2020.
The Indian e-commerce market is expected to reach USD 1.1 guatemala consumer email list trillion by 2027 and USD 2 trillion by 2032.
For comparison, Japan's e-commerce market is expected to reach approximately US$325.9 billion in 2027 (IMARC). In just four years' time, India's market size will already be about four times that size.
*UPI (Unified Payments Interface) is a real-time payment system developed by the National Payments Corporation of India (NPCI). UPI integrates multiple bank accounts into a single mobile application, enabling seamless and fast fund transfers. UPI
has greatly promoted the spread of digital payments in India. Since its introduction in 2016, transaction volume has grown rapidly, and billions of transactions are now being made every month.
National Payments Corporation of India (NPCI)
Web marketing for India
English is widely used in the Indian market, so Google Ads and guatemala consumer email list Facebook Ads in English are effective.
In developed countries, the cost per click is 30 yen or more, but in the Indian market, it is around 1 yen per click, so you can get a lot of clicks.
Cross-border e-commerce regulations in India
India has strict import regulations for certain products, especially food and pharmaceutical products, with quality standards and labelling regulations. Customs duties also vary from product to product, so it is important to check the Indian Government Import Tariff Schedule.
You can also check this using the customs inspection tool we developed → Customs Duty Calculation Tool
GST