The Indian retail sector is likely to generate 2.5 crore new jobs by 2030 and a lion’s share will be the offline+online model which will account for nearly 50 per cent of the total retail employment addition, a Nasscom report said on Monday.
The online+offline model will lead to $125 billion retail exports and $8 billion in incremental GST contribution in the next 10 years, according to the report by Nasscom in association with leading management and consulting firm Technopak.
Retail 4.0 will result in a significant rise in the size of the domestic market, job creation and exports. The changing demand and supply drivers are likely to accelerate the growth momentum, with the India retail market reaching up-to $1.5 trillion by the financial year 2030.
Source: Business Standard
