That's because, according to KSA Technopak, e-commerce firms sell gross merchandise value of only $2.5 billion. That's minuscule in the $550-billion annual sales of food and groceries in 2019-20.
Delivery picks up slowly, but firms struggle as staff stay away
The report also says that online private labels have the potential to develop into self-sustaining brands that have a captive base beyond the e-commerce platform that has nurtured it.
A thinking man's guide to e-commerce controversies
Confederation of All India Traders alleged Amazon and Flipkart were violating the foreign investment rules
n Delhi, a massive 'dharna' will be held from 11:30 am to 1:30 pm in Sadar Bazaar, it added.
India jumped 14 ranks to 63rd position in the World Bank's "Doing Business" list released last month and was also among the top 10 progress making countries
Fynd helps shopkeepers launch their own e-commerce websites and apps with a selling capacity of over 50,000 styles and 50 brands. The product is already being used by 6,500 stores across 350 cities
The estimate is in sharp contrast to the prevailing economic scenario in the country, with every other industry blaming slowdown for affecting businesses
H&M gets over 15% of its sales from online channel in India, which is higher than its global average
The CAGR of the Indian online user growth is nearly four times that of global rate