The share of Indian e-commerce is set to grow from the current 4% of the country’s overall food and grocery, fashion, consumer electronics retail trade to 8% by 2025, even as the economic impact of covid-19 is set to contract India’s retail market by 25% to 40% in FY21, according to a white paper by Technopak Advisors released on Friday.
Technopak has assumed that the current and next year i.e. FY 21 and FY 22 will witness disruption in economic cycles, loss of employment and retailing opportunities across many retail categories, especially discretionary, as India emerges out of the pandemic.
