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
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000