Shiprocket: In terms of categories, the report projected consumer spending on food, housing, apparel, personal care, transport, and communication to increase twice by 2030.
The new version of the draft policy was not disclosed to the stakeholders during the meeting, although officials told them that their concerns with an earlier draft have been largely addressed now
The e-commerce boom in India is undeniable, and its impact on the retail sector is nothing short of revolutionary. With this boom, and with MSMEs as the driving force, they are the architects of a new era in retail, one that embraces innovation, fosters inclusivity, and heralds a brighter future for India's economic landscape.