Fashion market in India
The Indian Fashion eCommerce market is predicted to reach US$20,138.8 million by 2024 and accounts for 18.7% of the total eCommerce market in India. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 13.2%, resulting in a projected market volume of US$33,076.0 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.
Monthly revenues
Monthly eCommerce revenues in the Indian Fashion market
The monthly eCommerce revenue of the Indian Fashion market was US$2,307 million in October 2024. This refers to a growth of 50.3% compared to September 2024. Within the last 12 months, the monthly revenue share was the highest in October 2024 with 11.5% of the total 2024 revenue of the Indian Fashion market and the lowest in February 2024 with 6.8% of the total 2024 revenue.
Revenue Last Month
US$2,306.8m
The eCommerce revenue grew by 50.3% from September 2024 to October 2024.
Monthly revenue shares in the last 12 months
0-2024 | 1-2024 | 2-2024 | 3-2024 | 4-2024 | 5-2024 | 6-2024 | 7-2024 | 8-2024 | 9-2024 | 10-2024 | 11-2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Monthly revenue share (in %) | 80.1 | 97.8 | 82.2 | 36.7 | 89.4 | 59.7 | 56.9 | 4.6 | 36.8 | 29.5 | 70.4 | 3.7 |
Market development
eCommerce revenue development in the Fashion market in India
The Indian Fashion eCommerce market is predicted to reach US$20,138.8 million by 2024 and accounts for 18.7% of the total eCommerce market in India. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 13.2%, resulting in a projected market volume of US$33,076.0 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.
eCommerce revenue development in the Fashion market in India
eCommerce revenue growth in the Fashion market in India
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 94.4 | 88.6 | 68.5 | 54.3 | 85.8 | 90.9 | 63.7 | 93.0 |
Top stores
Top five Fashion online stores in India by net sales 2023
With sales in the Indian Fashion market, ajio.com generated a revenue of US$2,113.4 million in 2023, which means it is the leading online store in this market. The Fashion ranking of India is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The graph shows a filtered revenue. It only includes national sales within the respective market.
eCommerce net sales generated in the Fashion market in India in 2023
Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
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Payment Methods
Top 5 offered payment methods in the Indian Fashion market
With 83.7% VISA the most commonly offered payment method of all online stores in the Indian Fashion eCommerce market in 2023. Like VISA Mastercard with a share of 83.7% and American Express with a share of 62.2% the payment type Cards is the most common used by online retailers in in the Indian Fashion eCommerce market in 2023. Other commonly used payment methods in that market are Bank transfer/cash in advance (Bank transfer) with 73.5% and Cash on delivery (Cash on delivery) with 67.3% of stores offering that payment method to the clients.
Top 5 offered payment methods in the Indian Fashion market
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Market definition
Definition of the Fashion market
Market definition: Fashion The category Fashion encompasses the commercial (B2C) sale of apparel (e.g. jackets, t-shirts, joggers, underwear), footwear (e.g. sneakers, boots, sandals), bags (e.g. handbags, backpacks, suitcases), and accessories (e.g. hats, sunglasses, jewelry, watches) via digital channels. Sport-specific equipment (e.g. climbing shoes, goalkeeper gloves, wetsuits), eye care (e.g. glasses and sunglasses with prescriptions) or beauty care (e.g. make-up, fragrances) are not included in this segment. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Apparel (e.g. jackets, t-shirts, joggers, underwear)
- Footwear (e.g. sneakers, boots, sandals)
- Bags (e.g. handbags, backpacks, suitcases)
- Accessories (e.g. hats, sunglasses, jewelry, watches)
Out-of-scope
- Sport-specific equipment (e.g. climbing shoes, goalkeeper gloves, wetsuits)
- Eye care (e.g. glasses and sunglasses with prescriptions)
- Beauty care (e.g. make-up, fragrances)
Select sub-category