Niti Aayog sees major role of e-com in India's GDP growth
09 Mar 19 1 min read
E-commerce has revolutionised India’s retail sector and will have to play a major role if the economy has to grow at 9 per cent, according to Niti Aayog chief executive officer Amitabh Kant, who sees both traditional and e-commerce retail market co-existing despite changing consumer behaviour. India is currently growing at over 7 per cent.
Driven by retail growth, India’s gross domestic product will also witness a rise and result in more employment, a news agency report quoted Kant as saying at an event in New Delhi.
At the same event, secretary general of the Confederation of All India Traders Praveen Khandelwal said e-commerce at present is greatly vitiated by online companies who are indulging in predatory pricing, deep discounting and lose funding. (DS)
Driven by retail growth, India’s gross domestic product will also witness a rise and result in more employment, a news agency report quoted Kant as saying at an event in New Delhi.
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At the same event, secretary general of the Confederation of All India Traders Praveen Khandelwal said e-commerce at present is greatly vitiated by online companies who are indulging in predatory pricing, deep discounting and lose funding. (DS)
Fibre2Fashion News Desk – India
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