Numbers Indian Product Manager should know — Part 1

Numbers Indian Product Managers should know — Part 1

Some of the important data that every product and business person should be aware of in the context of the Indian Market and the World. All the data corresponds to the current date i.e. August 2022

India & Internet

• India’s population — 1.39 Billion

• Internet Users — 932 million

• Internet Penetration — 61%

• Indians doing online transactions — 305 million — about 1/3rd of the Internet Users

• Average Time Spent on Mobile per user per day — 4.7 Hours — that’s about around 35 hours per week — compared to an average of 40 hours of work

• Rural Internet Users — 373 million

• UPI transactions till May 2022 — 98 billion

• The total amount of UPI transactions till May 22 — 2.1 trillion

Source: Inc42

Indian E-commerce

• Estimated e-commerce opportunity by 2030 — $400 billion

• Current E-commerce — 100 billion

• Estimated CAGR of e-commerce Market — 19% from 2022 to 2030

• Number of online shoppers in 2022 — 128 million

• Number of online shoppers by 2030 — 350 million

Source: Inc42

Source: Inc42

• Indian online users expected by 2030 — 1.3 billion

• Indian monthly internet consumption — 12 GB

• India’s overall retail — 1.2 Trillion in 2021

• Estimated Indian Ecommerce size by 2026 — 200 Billion

• Estimated size of the D2C market by 2025 — 100 billion (Fashion — 43 billion, Consumer Electronics and Appliances — 30 billion, FMCG — 20 billion, Home Decor — 5.5 Billion)

• Estimated Indian Retail market by 2026 — 1.7 trillion

• Ecommerce Share in Indian Retail by 2026 — 11.4%

• Online Shoppers to be 350 million by 2025, currently at 120 million

• 67% of online shoppers belong to the age 18–34, 23% from 35–44

• The number of online beauty shoppers is expected to grow from 19 million in 2020 to 122 million in 2025

D2C in India

Source: Inc42

Global Economy — 100 Trillion now

• US — 25 trillion

• China — 20 trillion

• Japan — 4.9 trillion

• Germany — 4.3 trillion

• UK — 3.4 trillion

• India — 3.3 trillion

• France — 2.9 trillion

• Canada — 2.2 trillion

• Italy — 2.1 trillion

• Brazil — 1.8 trillion

• Russia — 1.8 trillion

• Indonesia — 1.3 trillion

• Netherlands — 1.0 trillion

• Taiwan — 841 billion

• Israel — 521 billion

Source: Visual Capitalist

Population Growth — Next 1000 babies by country

• Asia — 511 per thousand

• India — 171 per thousand

• China — 102 per thousand

• Pakistan — 47 per thousand

• Indonesia — 31 per thousand

• Bangladesh — 21 per thousand

• Philippines — 18 per thousand

• Vietnam — 11 per thousand

• Africa — 326 per thousand

• Nigeria — 56 per thousand

• Congo — 31 per thousand

• Ethiopia — 25 per thousand

• Brazil — 22 per thousand

• America — 106 per thousand

• Europe — 52 per thousand

Source: Visual Capitalist