New Delhi: With an epic battle of billionaires for supremacy in one of the world’s most prolific markets and a pandemic-propelled surge in online shopping in the background, India’s nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the new year.
In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world’s wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach USD 1.3 trillion by 2025.
From the brink to recovery, India s retail sector pins hope on 2021
In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world s wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach USD 1.3 trillion by 2025. PTI December 29, 2020 / 01:32 PM IST
V2 Retail: Bennett Coleman & Company sold another 4.5 lakh shares in company at Rs 97.5 per share on the BSE.
With an epic battle of billionaires for supremacy in one of the world s most prolific markets and a pandemic-propelled surge in online shopping in the background, India s nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the new year.
From brink to recovery, India s retail sector pins hope on 2021
With lockdowns heavily restricting physical store sales and consumers flocking to online mode of shopping, 2020 saw a dramatic shift in consumption behaviour and adoption of the digital medium
PTI | December 29, 2020 | Updated 16:01 IST
Even as COVID-19 kept retailers on their toes in 2020, some of them were busy making deals
With an epic battle of billionaires for supremacy in one of the world s most prolific markets and a pandemic-propelled surge in online shopping in the background, India s nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the new year.
ET Industry Leaders East 2020: Celebrating businesses that help revive the economic growth in East India
Synopsis
ET Industry Leaders East 2020 is an initiative to discover the leaders from various industries in the eastern part of the country who have immensely contributed towards the development of the region.
ET Spotlight
The business fraternity of a particular region holds the key to its economic growth. The various industries contribute towards the development and eventually help in the revival of the market condition. This year, it became all the more important to do so, with the COVID-19 pandemic looming large; the corporates, retailers, educational institutions and individuals contributed significantly towards the revival of economic growth. They did not let the adverse situation affect their services to the consumers and took extra measures in maintaining safety and hygiene. Every day these corporate houses are coming up with newer ideas and innovations to help and bene
Job creation, lower taxes, fiscal stimulus, fast-track reforms: Consumer companies Budget demand
SECTIONS
Share
Synopsis
“Government will have to work on course correction, fiscal and relief measures to boost discretionary spending and put more money in the hands of consumers to stimulate subdued demand,” said Arvind Mediratta, managing director at retail chain Metro Cash & Carry.
Reuters
While the FMCG sector has been growing in double digits in channels such as e-commerce and rural markets, demand in urban India, which has seen consumers downtrading, has remained subdued.
New Delhi | Kolkata: Chief executives at large consumer-facing companies said easing constraints on disposable incomes with fiscal measures, job creation, lower taxes, fast-tracking production-linked incentive (PLI), ease of doing business and protecting MSMEs should be the focus of the government in the upcoming budget to spur demand in the pandemic-hit economy.