A report titled `Democratising Digital Commerce in India’, has said that Government-backed Open Network for Digital Commerce (ONDC) may increase India’s digital consumption 5 fold from US $ 60-70 billion in FY22 to US $ 320-340 billion by 2030.
The report, launched by ONDC with McKinsey & Company as knowledge partners, says that ONDC will facilitate India to record 500 million digitally transacting consumers by 2030, increasing 3-4 times from 165 – 190 million in FY22.
Union Minister of Commerce & Industry, and Textiles, Piyush Goyal has also invited all e-commerce companies, big and small, to join ONDC and be part of this new bazaar that reimagines digital commerce.
The Minister said that he is optimistic about the significant growth of ONDC in the next few months.
The Minister highlighted that ONDC will unlock doors of opportunities in an inclusive manner for both big and small businesses, benefitting the entire value chain of commerce. He said that ONDC will provide a much larger market for sellers, without any preferred or priority sellers, ensuring equitable and fair treatment for all stakeholders.
It can be mentioned here that currently, India’s digital retail dominates only about 7 per cent of the total retail market, with 165 million users. While for US and China, digital commerce is 16 and 30 per cent of the total retail economy, respectively.
Bharat Tex Special Report 2026 
