Indian retail sector to add 25 mn jobs by FY30: Report
ECONOMY & POLICY

Indian retail sector to add 25 mn jobs by FY30: Report

According to a survey by Nasscom and Technopak, in the financial year 2020, the Indian retail sector alone accounted for 8% of the total workforce with more than 35 million employees.

India's retail sector could add more than 25 million new jobs by FY 2030. Of those jobs, the hybrid model of online and offline model will account for 50% of these new roles, according to the report.

In the survey of over 360 retail stakeholders titled Retail 4.0 India Story—Unlocking Value Through Online and Offline Collaborations by Nasscom, 79% of the respondents said that technology would play a pivotal role in Indian retail growth.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


There has been a rising awareness and willingness to embrace online with 70% of the overall respondents having a positive outlook towards online and offline collaborations. Through one-on-one interactions with over 360 stakeholders and secondary research, information has been gathered to identify how Indian retail is evolving through technology led convergence and collaborations between all retail market participants.

The report further analyses the undergoing digital transformation in the Retail 4.0 era and the potential benefit of online and offline (O+O) on market size, jobs, and the nation at large, as presented in this insights compendium.

Image Source


Also read: Challenging times for malls due to Covid-19

Also read: India to get over 65 million sq ft of new mall space by 2022-end

According to a survey by Nasscom and Technopak, in the financial year 2020, the Indian retail sector alone accounted for 8% of the total workforce with more than 35 million employees. India's retail sector could add more than 25 million new jobs by FY 2030. Of those jobs, the hybrid model of online and offline model will account for 50% of these new roles, according to the report. In the survey of over 360 retail stakeholders titled Retail 4.0 India Story—Unlocking Value Through Online and Offline Collaborations by Nasscom, 79% of the respondents said that technology would play a pivotal role in Indian retail growth.4th Indian Cement Review Conference 202117-18 March Click for event info There has been a rising awareness and willingness to embrace online with 70% of the overall respondents having a positive outlook towards online and offline collaborations. Through one-on-one interactions with over 360 stakeholders and secondary research, information has been gathered to identify how Indian retail is evolving through technology led convergence and collaborations between all retail market participants. The report further analyses the undergoing digital transformation in the Retail 4.0 era and the potential benefit of online and offline (O+O) on market size, jobs, and the nation at large, as presented in this insights compendium. Image Source Also read: Challenging times for malls due to Covid-19 Also read: India to get over 65 million sq ft of new mall space by 2022-end

Next Story
Resources

MHADA declares its list of 20 dangerous cessed buildings in Mumbai

In view of the upcoming Monsoon season, the Mumbai Buildings Repairs and Reconstruction Board, a unit of MHADA completed its annual pre-monsoon survey of old and dilapidated cessed buildings in Mumbai and released its list of 20 highly dangerous and inhabitable buildings. Included in these 20 buildings are four that had also been declared highly dangerous last year. The list of 20 highly dangerous cessed buildings declared this year is as follows:1. Building No. 4-4A, Navroji Hill Road No. 1, Jolly Chambers (Included in last year's list)2. Building No. 57, Nizam Street3. Building No. 67, Masji..

Next Story
Infrastructure Transport

Safety concerns arise over Mumbai's newly opened Coastal Road tunnel leaks

Two months after the opening of a section of Mumbai's Coastal Road tunnel to traffic on March 11, observations have been made of water leaks. It has been noted that water is seeping through the walls and ceiling, particularly at the southbound tunnel's end near Princess Street Flyover. Despite repairs made during testing, this issue continues. Leaks have been sighted on both sides of the walls in the southbound tunnel, with the slab above also appearing wet. The ongoing water leakage has resulted in the paint on the walls peeling off. The BMC is under scrutiny as it prepares to open another ..

Next Story
Infrastructure Urban

CM: 95% Smart City Project nears completion

Pramod Sawant, Chief Minister, Goa, stated that the Smart City work in Panaji is nearing completion, with approximately 95% of the tasks done. He mentioned that the deadline for finishing the work was May 31. Sawant further informed that Smart City MD and CEO Sanjit Rodrigues would be conducting an inspection within two days to assess the progress and ensure its completion. He added that the inspection would involve the participation of the mayor of the Corporation of the City of Panaji, Rohit Monserrate. Earlier in the year, there had been a visit by high court judges to Panaji aimed at und..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram