Amit Daga's Blogs & Publications

Driven by urbanization, attitudinal shifts and income growth, India’s retail market is expected to double from US$ 600 billion in 2015 to US$ 1 trillion by 2020 as per IBEF. The tremendous growth of e-commerce market also plays an integral role in the high scale development of the retail sector; by 2020, ecommerce will be a $700 billion market (B2B) with 530 million shoppers by 2025, coming at par with offline stores within a span of five years. Against the backdrop of robust investment in the sector and proliferation of internet users, India is now expected to become the world’s fastest growing e-commerce market.  e-Retail growing at a breakneck speed The past decade witnessed an increase in consumer spending, entry of key e-retail players, faster internet speeds on reliable telecom networks, expanded reach and increased adoption of online services as well as a greater need for convenience. As a result, traditional brick and mortar models today are witnessing a d...

According to the Central Statistics Organisation (CSO) and International Monetary Fund (IMF), with various positive factions thriving, including that of E-Retail, India has emerged as the fastest growing economy in the world. As recent as few years, India has noted a constructive rise in people venturing out for online retail. The past year ’ s e-commerce sales were approximately $16 billion with chances of market expanding up to seven times higher, according to Morgan Stanley. Channelized by this robust investment in the sector and swift increase in the number of netizens, various agencies predict that Indian e-commerce sales are expected to reach US$ 120 billion by 2020. Three of the main driving factors to supplement this rise would be the inculcation of niche players, role of FDI and GST and how e-retail is changing the face of food and grocery for good. Niche players: a key part of e-growth The recent rise in digital literacy has led to an influx of investment in e-...