New Delhi, July 16 (IANS) India’s gig internet workforce has grown to over 6 million monthly active workers and could expand to 17–21 million by 2030, potentially meeting nearly 70 per cent of the country’s annual non‑farm job creation requirement, a report said on Thursday.The report from Redseer said over 30 per cent of the projected 17–21 million gig workers are expected to be first‑time entrants to the workforce.The report added that gig work is emerging as an entry point into In…
Latest RedSeer News & Updates
New Delhi, July 11 (IANS) India’s listed new‑age ecosystem could touch $1 trillion in market capitalisation by 2030 and about 210 new‑age companies are IPO-ready over the next 24 months, a new report has said.The report from consulting firm Redseer said India’s IPO market has grown nearly 8 times in proceeds, making it the only major capital market to sustain uninterrupted growth in primary issuance.It now ranks third globally by proceeds while leading all major markets in long-term trajec…
New Delhi, June 26 (IANS) The domestic grocery market could reach about $992 billion by FY30, while roughly 91 per cent of purchases still continue to flow through stores (kiranas), leaving a large untapped digital opportunity in the country, a report said on Friday.The report from Redseer highlighted that over 150 million Bharat households are expected to account for more than $1 trillion in annual consumption by FY30, with groceries their largest spending category, and that e‑commerce today …
New Delhi, June 23 (IANS) An average digital investor in India holds nearly Rs 10 lakh in his portfolio and adds about Rs 3 lakh annually, yet almost 80 per cent of investable digital wealth remains concentrated in SIPs, direct equities and lump‑sum mutual funds, a report said on Tuesday.The report from consulting firm Redseer said SIPs account for 37 per cent of holdings and direct equities 32 per cent, signalling that product exploration has not kept pace with asset accumulation.The report s…
New Delhi, June 2 (IANS) AI is reshaping every layer of the global advertising industry and positioning India to produce global AdTech champions, a report said on Tuesday.The report from consulting firm Redseer said that India’s 2.7 million engineering and technology enrollments annually, 20–24 million GitHub developers and nearly 1,900 global capability centres generating $65–75 billion in exports created a deep foundation for AI‑led product development.As global advertising crossed the…
New Delhi, May 11 (IANS) Orchestration‑led business models hold relevance to $130–150 billion of the global specialty chemicals market and could expand to $200–250 billion by 2030 as formulations grow more complex and supply chains fragment, a report said on Monday. The report from consulting firm Redseer said India’s strength in process chemistry, formulation capabilities, and execution scale places it in a very strong position to participate in this shift.The global specialty chemicals…
New Delhi, March 30 (IANS) The National Stock Exchange (NSE) has initiated the process for its long-awaited initial public offering (IPO) by reaching out to existing shareholders to gauge their interest in participating through the offer for sale (OFS) route, according to sources.In a communication to investors, the exchange has invited expressions of interest (EOI) from shareholders willing to offload part or all of their holdings as part of the proposed public issue. It marks a formal step for…
New Delhi, March 19 (IANS) India’s packaged food and beverages (F&B) market is set to enter a new phase of growth, projected to expand to over $150 billion by 2030 from around $100 billion currently, driven largely by the rapid rise of quick commerce, a report said on Thursday.The report by Redseer said the quick commerce segment alone is expected to scale from $4 billion at present to over $25 billion in gross merchandise value (GMV) by 2030, led by rising demand for speed, convenience an…
Mumbai, Feb 27 (IANS) Gen X (people born between 1965 and 1980) are expected to consume over $500 billion worth of goods and services by FY30, making the cohort “a disproportionately valuable driver of durable premium growth,” a report said on Friday.The report from market research firm RedSeer said the consumption growth will be supported by a steady rise in per-capita consumption.Preventive healthcare spending by Gen X is projected to scale to $73 billion by FY30 at a 17 per cent compound annu…