He Kirana Segment Can Grow To Become Digitally Compliant And Compete Favourably In The Retail Ecosystem Quot Kiranas Play An Important Role Indian Consumption We Are Looking Expand Tremendously Witha Total Of 5 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New Delhi [India], November 26 (ANI/PRNewswire): India's USD 932 billion retail landscape dominated by kirana stores; proving to be the backbone of the country's economy. There are projections that the market will gross more than USD 1.3 trillion by 2024. One of the standout segments within the market is the kirana - small and medium-sized outlets which make up around 76 per cent of the industry. Available data show that there are at least 13 million of these grocery kirana stores in India, contributing billions in dollars to the Indian economy and empowering several millions, while also supporting livelihoods in the country. The idea of kirana stores lies in their proximity with the local people. The process of walk-ins and physical interaction is more than just economic, but also boosts social interactions. However, there is a need to build resilience and adapt to evolving trends, especially with regards to digital technology adoption. The kirana industry is facing a lot of c ....

New Delhi , Kumar Sangeteesh , New Delhi India , Ovember 26 Ani Prnewswire India 39s Usd 932 Billion Retail Landscape Dominated By Kirana Stores Proving To Be The Backbone Of Country Economy There Are Projections That Market Will Gross More Than 1 3 Trillion 2024 One Standout Segments Within Is Small And Medium Sized Outlets Which Make Up Around 76 Per Cent Industry Available Data Show At Least 13 Million These Grocery In , Ontributing Billions In Dollars To The Indian Economy And Empowering Several Millions , Hile Also Supporting Livelihoods In The Country Idea Of Kirana Stores Lies Their Proximity With Local People Process Walk Ins And Physical Interaction Is More Than Just Economic , Ut Also Boosts Social Interactions However , Here Isa Need To Build Resilience And Adapt Evolving Trends , Specially With Regards To Digital Technology Adoption The Kirana Industry Is Facinga Lot Of Challenges Today Rising From Ashes Covid 19 Pandemic , Here Is Still The Worry Over Onslaught Undertaken By Large Fmcg Players However , Here Are Also Opportunities That The Sector Presents Omnichannel Isa Growth Lever Needs To Be Leveraged On In T2 T3 And Even Beyond Abound Digital Technologies As Mentioned Earlier , Ut Outlets Must Be Intentional Brands Like 1k Kirana That Work Directly With Its Partners Through Franchise First Amp Community Led Approach , Quipped With The Latest Tools , Nd Advanced Technologies , Re Deploying Various Proven Business Strategies To Make Every Stakeholder Productive The Brand Has 3 Lakh Active Users On Its Platform And Served More Than 10 Customers As Kumar Sangeteesh , Founder Amp Ceo , 1k Kirana , He Kirana Segment Can Grow To Become Digitally Compliant And Compete Favourably In The Retail Ecosystem Quot Kiranas Play An Important Role Indian Consumption We Are Looking Expand Tremendously Witha Total Of 5 , 000 Stores Planned By The End Of 2023 That 39s About Three Times Number Operated At Moment Quot He Says Sangeteesh Further Adds Businesses Are More Open To Digital Transformation Likely Earn Revenues And Conform Growing Needs People Aim Is Build Resilience Grow Become Part Ofa Future Relevant Responsive Change , Uot He Notes This Story Is Provided By Prnewswire Ani Will Not Be Responsible In Any Way For The Content Of Article ,