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There are over 12 million small stores in India and account for over 90% share of the Indian F&G market, which is predicted to reach USD 810 Billion by 2020
This article is regarding how the shopping malls are using digital technology to innovate their services and infrastructure to enhance customer experience.
Growth will be aided by several factors including rising internet penetration, drop in data access costs, shift to smart phones, flow of credit to consumers and micro enterprise increase in domestic consumption, affluent middle-class and rising income and
It was in 2015 that MasterCard indicated that India was one of the countries least ready to switch to a digital payments system.
GST has made selling items pan India a lot easier and transparent than it was earlier. In the past, selling in different states meant maintaining different compliance and rates for each one of them.
No doubt, online shopping portals offer more variety and deeper discounts. However, it is generally known that the deep discount ethos will eventually go the way of the dinosaur.
GST SuvidhaKendras help SMEs file their returns and make tax payments without having to invest in the necessary IT infrastructure.
When users are ready to act on their impulse, merchants have to make sure that their platforms can provide instant gratification,without any friction.
The increasing purchasing power of male shoppers has spawned a new class of consumers who don't shop for utilitarian but stylistic functions.
The fitness industry in India is largely unorganised and lacks a definite structure to differentiate between diverse product and service segments.
With the digital transformation picking up pace, the most critical entity for any retail business, i.e. consumers, have also undergone a makeover and emerged as a digitally-empowered creed.
India is in the third position just behind US and UK with 20, 000 start-ups and 5200 plus technology led start-ups
Particularly in India, since past few years, the refurbished phone market has been flourishing due to the factors like affordability and shorter upgrade cycle of such phones.
Digital transformation is not simply about technology. It requires business leaders to re-envision existing business models and embrace a different way of bringing together people.
The kids’ accessories market is expected to grow at a CAGR of around 5% by the year 2020.