22-December-2024
Economy News
 
Transformative impact of e-commerce on Indian economy, jobs & consumer welfare
01-Oct-2024

E-commerce is resulting in a transformative impact on the Indian Economy, according to a landmark report released by the Pahle India Foundation (PIF), launched by Union Minister for Commerce & Industry, Piyush Goyal. According to Rajiv Kumar, Chairman of PIF and former Vice Chairman of Niti Aayog, “E-commerce has revolutionized India’s retail landscape. Our study provides a data-driven understanding of its impact on employment and consumer welfare, offering invaluable insights for policymakers and industry stakeholders”. The study was conducted across 35 cities in 21 states and union territories covering 12,000 participants-8,209 online consumers, 2031 offline sellers and 2002 online sellers.

News Source:- https://www.financialexpress.com/policy/economy-transformative-impact-of-e-commerce-on-indian-economy-jobs-consumer-welfare-3626337/