India cites 470 crore ONDC orders as FDI and PLI investment hit new highs
India reported $94.53 billion in FDI in FY2025-26, while government data cited more than 470 crore cumulative ONDC orders. The update signals continued policy support for domestic manufacturing and digital-commerce infrastructure relevant to retail operators.
What happened
India reported record FY2025-26 FDI of $94.53 billion. PLI schemes drew Rs 2.40 lakh crore of investment, while ONDC recorded more than 470 crore orders,
Key facts
- $94.53 billion FDI in FY2025-26
- $843 billion cumulative FDI from FY2014-15 to FY2025-26
- Rs 2.40 lakh crore PLI investment
- Rs 23.8 lakh crore PLI production and sales
- Rs 15.2 lakh crore PLI exports
- More than 14.6 lakh jobs
- More than 470 crore ONDC orders
Why this matters
Corporate-development teams should prioritize partnerships or acquisitions in ONDC-enabled commerce, logistics, payments and merchant-tech providers positioned to benefit from policy-supported ecosystem expansion.
What to watch
- Monthly ONDC order growth by category, average order value and repeat-purchase rates.
- Merchant activation and retention, especially among organized retailers and national brands.
- Evidence that buyer-app and seller-app incentives are declining while order growth remains durable.
- ONDC fulfillment SLAs, cancellation rates, return rates and dispute-resolution performance.
- New FDI, PLI and domestic-manufacturing announcements in retail-relevant sectors such as electronics, apparel, food processing and logistics.
- Policy changes affecting marketplace foreign ownership, inventory models, data sharing or network interoperability.
- Pilot ONDC storefronts in price-sensitive, standardized and high-frequency categories before expanding assortment.
- Build catalog, inventory and order-management integrations that can support multiple buyer apps without manual operations.
- Use expanded domestic supplier capacity to renegotiate private-label and exclusive-brand sourcing contracts.
- Benchmark ONDC customer-acquisition, cancellation, return and fulfillment costs against major marketplaces and owned channels.
- Prepare differentiated pricing, loyalty and fulfillment propositions to limit margin erosion from more transparent network commerce.