E-commerce to play major role in India growth story: Kant
E-commerce has revolutionised the retail sector in India and will play a major role in the country's growth story going forward, Niti Aayog CEO Amitabh Kant said Tuesday.
He further noted that driven by the growth in India's retail market, the country's GDP will also witness an increase and result in more job opportunities.
"E-commerce market has brought a revolution in India's retail sector and nobody can stop it now," he said at an event here.
According to Kant, India is currently growing at over 7 per cent and if the country has to grow at 9 per cent, then e-commerce market will have to play a major role.
Kant also said that retail trade of India is bound to expand in coming years and its imperative upon traders to adopt technology and digitisation.
According to a report by Deloitte India and Retail Association of India, India's e-commerce market will touch USD 84 billion in 2021 from USD 24 billion in 2017 on account of a healthy growth in the organised retail sector.
Kant noted ..