Meta platforms like Facebook and Instagram are changing the dynamics of Indian consumers' buying and product discovery. Meta's latest India Retail Purchase Journey report outlined that nearly 96% of Indian consumers rely on Meta's platforms for product discovery, solidifying social media as a retail giant.
Report Findings
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Social Commerce Explosion: 8 out of 10 Indian consumers use social media to discover products.
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Meta's Influence: Facebook and Instagram lead digital-first buying experiences.
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Omni-Channel Shift: Consumers shop online before purchasing in stores, especially high-end purchases.
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Luxury & Electronics Trends: The majority of consumers first view products in stores before purchasing online.
Influence on India's Retail Market
India's retail market worth $820 billion is transforming as digital engagement is changing the way consumers shop. Seasonal highs like Valentine's Day and Karva Chauth are still generating traffic in physical outlets even as e-commerce gains traction.
Soiurces: MSN, Livemint, Economic Times