According to the latest information on retail, the business has dropped by 20-25% by the end of February itself when the coronavirus panic just broke out in India.
Here are few e-commerce trends that brand owners and retailers follow to bridge the gap between how they sell today and what their customers expect in the digital economy.
The Indian textile industry has witnessed a huge growth lately and the textile and apparel export also seems to boom in coming times. What's the reason of the growth? Let's find out.
Indias retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015, driven by income growth, urbanization, and attitudinal shifts.
India's Business to Business (B2B) e-commerce market is expected to reach US$ 700 billion by 2020. Online retail is expected to be at par with the physical stores in the next five years.
The invasion of technology is welcomed in both personal as well as professional lives, especially in business to make life easier for both, customers and owners.
The Indian retail industry accounts for over 10 per cent of the countrys Gross Domestic Product (GDP) and around 8 per cent of the employment. India is the worlds fifth-largest global destination in the retail space.
Indias Business to Business (B2B) e-commerce market is expected to reach US$ 700 billion by 2020. Online retail is expected to be at par with the physical stores in the next five years.
While demonetisation largely impacted consumers across all cities, some top brands and even cab operators witnessed a huge boom in transactions during this period.
Walmart India sees an increase in India's domestic consumption and retail growth as the government has proposed a slew of measures to boost consumption in the Budget 2015.
Being the first full Budget of the Narendra Modi Government, it serves a great opportunity to drive economic growth against the challenges of fiscal deficit.
Indian retail sector is expected to grow at a slower rate of around 16 per cent over the next three years, as against 18 per cent previously, says PTI citing the India Retail Report.