Future of Retail Business in India and Advantage or Disadvantages of E-Commerce in Retail Market

Abstract

By 2025, 220 million individuals in India are anticipated to purchase online, and the retail sector is forecast to increase to INR 13,97,800crore (US$200 billion) by 2027, thanks to eCommerce. Small-format vendors and neighborhood Kirana (grocery) shops make up around 90 percent of India's grocery retail commerce. Kirana shops need to adapt to the changing retail landscape and customer expectations quickly.