India online retail to top $90B in 2026 as grocery overtakes mobiles: Redseer

India's online retail market is projected to cross $90 billion in 2026, growing 22–24%, its fastest pace in five years, according to Redseer. Ecommerce GMV rose about 25% year-on-year to roughly $38 billion in H1 2026, while mobile sales stayed flat and are expected to grow just 2–3% for the full year.

• Ecommerce GMV grew ~25% to about $38B in H1 2026
• Grocery to grow 50–53% and reach 19% share, up from 16% in 2025
• Mobiles' share to fall from ~19% to ~16%
• Electronics rebounded 22% in H1 2026 after a 5% decline a year earlier