2023 Q1 ecommerce sales in India grew 12-15% YoY, down from 20% in 2022 Q1 due to soft demand and inflation.

Ecommerce sales in India moderated to a 12-15% growth in Q1 2023, compared to a 20% growth in the same period last year, due to softer demand and rising costs. Month-on-month sales showed improvement, with beauty and personal care products, health and fitness, and home furnishings performing better than expected. Smartphone sales remained flat across online and offline channels, and inflation impacted online retail.

April 01, 2024
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