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

10 Mar 2021 CW Staff

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

Infrastructure Urban

23 Oct 2025

PTC Industries and BDL Form JV for Missile and UAV Propulsion

PTC Industries, a leading manufacturer of high-performance materials and precision-engineered components for Defence and Aerospace, has signed a Memorandum of Understanding (MoU) with Bharat Dynamics (BDL) to establish a Joint Venture (JV) for the design, development, and manufacture of propulsion systems, aero-engines, guided bombs, and loitering munitions for missiles and UAVs, subject to regulatory approvals.The MoU was exchanged during the Lokarpan Ceremony of PTC’s Titanium & Superalloys Materials Plant at the Strategic Materials Technology Complex (SMTC), Lucknow, in the presence o..

J&K Bank Reports H1 Net Profit of Rs 9.79 Bn, Q2 at Rs 4.94 Bn

J&K Bank announced a net profit of Rs 4.94 billion for the July–September quarter (Q2) of the current financial year (CFY), bringing its half-year (H1) net profit to Rs 9.78 billion, up from Rs 9.66 billion in H1 last fiscal. The results were approved by the Bank’s Board of Directors at a meeting held at its Corporate Headquarters.The Q2 performance was moderated by Rs 920 million provisioning towards its investment in Jammu and Kashmir Grameen Bank following the amalgamation of Ellaquai Dehati Bank under the “One State, One RRB” initiative. Total provisioning for H1 stands at Rs 1..

Tata Steel, Air Water India Ink 20-Year Deal for Jamshedpur ASU

Tata Steel has signed a 20-year agreement with Air Water India Private Limited (AWIPL) to operate and maintain its advanced Air Separation Unit (ASU) in Jamshedpur. The partnership aims to boost Tata Steel’s industrial gas infrastructure and improve efficiency through the use of cutting-edge cryogenic technologies. The agreement was signed between Peeyush Gupta, Vice President (TQM, GSP & SC), Tata Steel, and Kausik Mukhopadhyay, Managing Director, AWIPL. Under the contract, AWIPL will manage operations of the ASU, which can produce 1,800 tonnes of oxygen per day, along with nitrogen, argon..