IBEF: July 07, 2021
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.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.