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Retailing in India. Retailing in India is one of the pillars of its economy and accounts for about 10 percent of its GDP. [1] [2] The Indian retail market is estimated to be worth $1.3 trillion as of 2022. [3] [4] India is one of the fastest growing retail markets in the world, with 1.4 billion people. [5] [6]
Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. [ 2] Snapdeal is one of the top 10 online marketplaces in India. [ 3] Snapdeal targets the value e-commerce segment, which Bahl estimated to be three times larger than the branded goods market.
Urban Ladder is an omnichannel furniture and decor retailer started in 2012 and headquartered in Bangalore, India. [1] The company, founded by Ashish Goel and Rajiv Srivatsa, provides furniture and home decor products. Urban Ladder operates 50 physical stores in India, including Delhi-NCR, Mumbai, Pune, Bengaluru, Hyderabad, and Chennai. [2]
URL. www .jiomart .com. JioMart is an Indian e-commerce platform, owned by Reliance Retail. Launched in 2019, it initially focused on online groceries before expanding into other categories such as fashion, home essentials, electronics, and lifestyle products by adopting a marketplace model. [5] [6] [7] [8]
Spencer's Retail is an Indian chain of retail stores headquartered in Kolkata, West Bengal. It has presence in over 35 cities. Spencer's is based on the 'Food First' Format (it mainly offers fresh and packaged food). Many outlets offer multiple formats for retailing food, apparel, fashion, electronics, lifestyle products, music and books.
A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is not compliant with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited or restricted by law, non-compliance with the rule ...
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. [1] Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every ...
July 31, 2024 at 9:29 PM. By Jaspreet Kalra. MUMBAI (Reuters) -A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut ...