On Tuesday, as per a report published by GlobalData, the e-commerce industry in India is expected to grow at ~ 141% through 2025, to reach US$ 111.4 billion in 2025 from US$ 46.2 billion in 2020.
Mr. Suresh Sunkara, retail analyst at GlobalData, stated, “The retail industry is the second-biggest employer in the country. Small and medium-sized companies employ ~ 400-450 million employees.”
As per the report, the liquidity in the retail businesses is pushed by seasonal sales and collections.
As per the report, in long-term, the outlook for the retail industry in India is expected to be optimistic, backed by favourable demographics, rising income, foreign players entrance and rising urbanisation.
You may also like
-
ECLGS 5.0: India’s Emergency Credit Shield for MSMEs Crosses ₹1.55 Lakh Crore
-
IMF Projects India to Remain the Fastest-Growing Major Economy
-
India’s EV Market Hits Record High as June Sales Cross 3 Lakh Units
-
Indiahandmade Gives India’s Artisans a Stronger Digital Marketplace
-
Kamarajar Port Enters Deep-Draft League with 18-Metre Capesize Capability
