Understanding digital retail in India
- Revenue collected under GST in October at Rs95,000 crore: Sushil Modi
- Honda recalling 900,000 minivans because seats may tip forward
- Bandipora encounter: 5 militants gunned down, IAF Garud commando killed
- Policy implementation in India lacks speed: G.P. Hinduja
- Congress committee to meet on Monday to decide party president’s election schedule
India is in the midst of a digital revolution. Expanding Internet access, growing smartphone usage and rising digital media consumption will have a profound impact on the future of Indian retail over the next few years. A new report by the Boston Consulting Group and The Retailers Association of India suggests that more people with Internet access and those who purchase goods online will shift dramatically over 2015 to 2020. BCG also predicts a shift in the location of Internet users, with a significant increase in the number of users coming from Tier 4 towns and rural areas. This shift would also accompany a gender shift in Internet users, with women participation online increasing from 29% in 2015 to 40% in 2020. While e-commerce is expected to grow, there will be differentiation according to category of goods/services sold.