New Delhi, Sept. 17 -- India's e-commerce logistics market is set to expand rapidly, outpacing the overall industry with a compound annual growth rate (CAGR) of 16 per cent by FY30, according to a report by JP Morgan.

The growth will be driven by rising customer penetration in tier-2 and smaller cities along with tech-driven efficiencies.

"We see India's B2C e-commerce logistics market outpacing the industry at a 16 per cent CAGR to FY30E, led by rising customer penetration in tier 2+cities", it stated.

The report said India's business-to-consumer (B2C) e-commerce logistics segment is performing better than the broader logistics industry.

However, the overall industry has not invested enough to keep pace with the rising demand. While ...