BW Businessworld - October 21, 2023

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ECOMMERCE IN INDIA has achieved an astonishing level of growth, demonstrating
the outstanding leadership and resilience of major players like Amazon India
and Flipkart. The enthusiastic embrace of digital platforms, the diverse array of
products on offer and the evolving preferences of consumers – from small towns
to mega metropolises – have been among the myriad factors that have driven this
persistent expansion. This remarkable digital journey of the Indian marketplace
is truly a cause for celebration.
Our cover story in this issue tells the story of one of the country’s largest tech
and ecommerce players, Amazon India. With over 100,000 employees, Amazon
stands out as a mega employer in the private sector. It is committed to digitising
10 million small businesses, facilitating $20 billion in ecommerce exports, and
generating two million direct and indirect jobs through the country. Manish
Tiwary, Vice President and Country Manager of Amazon India’s consumer
business, tells us that Amazon has already made significant strides towards these
goals, having digitised over 6.2 million small businesses, enabled cumulative
exports worth $8 billion, and created over 1.3 million direct and indirect jobs
in India.

Time Up for Trudeau

Justin Trudeau is a dynast. His father Pierre Trudeau was prime minister of Canada from 1968-1979 and again from 1980-1984

4 mins

PAVING THE WAY TO SUSTAINED PROSPERITY

IN THE EXPANSIVE realm of the global economic landscape, India finds itself at a critical juncture, poised to achieve a seemingly unassuming milestone – a per capita income of Rs 2 lakhs

4 mins

Never Give Up

R VIKRAM SARABHAI, the father of India’s space programme, defied scepticism and limited resources to establish ISRO. Despite challenges, he founded ISRO in 1969 and secured funding for India’s first satellite in 1975

4 mins

Benefits to the Infrastructure Sector from Inclusion in Bond Index

INFRASTRUCTURE development is a prerequisite for realising our vision of reaching the milestone of US $5 trillion GDP by 2025 due to the multiplier effect it would have across sectors such as steel, cement, auto, real estate among others

4 mins

Urban Density, FSI, and the Quest for Sustainable Indian Cities

URBAN DENSITY, the concentration of people within a specific urban area, is becoming a palpable concern, especially in countries like India where rapid urbanisation and population growth are intertwined

3 mins

TECH INVENTION OF THE DECADE!

Generative Al is no passing fad and is certainly not among the technological innovations that have fired public imagination, only to be superseded by others. It is poised to profoundly impact various sectors, like banking, high tech industries and life sciences. An In Depth report

6 mins

A Force To Reckon With

A stellar stock market debut, robust financial performance, growth expectations and new drug launches-there is a lot going on for Mankind Pharma

4 mins

AUGMENTING THE COGNITIVE

Microsoft's Al journey is a philosophical shift that puts the power back in the hands of the people, says IRINA GHOSE, Managing Director, Microsoft India

3 mins

IN A SWEET SPOT

Triveni Engineering & Industries ended FY23 with a turnover of nearly Rs 6,000 crore, boosted in large part by its sugar business. The diversified conglomerate is now eyeing similar growth opportunities in its other business verticals

4 mins

'NEW SPECTRUM BANDS WILL ENHANCE 5G CONSUMER EXPERIENCE

On the first anniversary of 5G’s rollout in India, NITIN BANSAL, MD, India & Head-Networks, Southeast Asia, Oceania and India, Ericsson, in a chat with ASHISH SINHA of BW Businessworld, talks about the 5G services and their growing usage in the coming years. Excerpt

5 mins

ETAIL'S MEGA MOMENT

The upcoming festive season could prove to be a landmark for India's booming ecommerce sector, with the gross merchandise value (GMV) expected to go beyond Rs 5 lakh crore. What is fuelling this optimism?

6 mins

CUSTOMISED PLAYBOOK

As Amazon marks the decadal milestone of India ops, the ecommerce giant is refining its A-game to face newer challenges in this significant global growth market

5 mins

"WE WANT TO MAKE QUALITY PRODUCTS IN INDIA FOR INDIANS"

EV manufacturing startup Simple Energy was launched in 2019 with the aim to disrupt the electric two-wheeler (E2W) segment. The company recently launched its first E2W, Simple One. BW Businessworld's Utkarsh Agarwal caught with SUHAS RAJKUMAR, Founder & CEO, Simple Energy to learn more about the company and its plans. Excerpts

4 mins

The Growing Aroma Of Indian Spices: From Home Ground To Packaged Spices

According to the industry insiders and observers, it is expected that the Indian spices market size will reach Rs 298,909 crore by 2028, exhibiting a CAGR of 10.9 per cent during 2022-2028

7 mins

WHY PRIVATE CREDIT FUNDS NEED CAREFUL WATCH

NON-BANKING Financial Companies (NBFCs) are steadily shifting their focus toward retail loans, although some are now in the process of rebuilding their wholesale loan portfolios

6 mins

Federal Bank: Turning Digital Aspirations into Tangible Outcomes

Disruption comes in waves and criss-crosses, with cyclical recessions altering the business landscape. Businesses that see disruption as a pivot for growth are the ones that are manifesting greater operational efficiencies and customer experience. Banks today are at the forefront of embracing the next level of digital technologies and early movers are reaping the benefits.

5 mins

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BW Businessworld is a fortnightly magazine that has been published since 1975. It is one of the most popular business magazines in India, and it is known for its in-depth reporting and analysis of the Indian business world. It also features interviews with leading business leaders and entrepreneurs. It's a guide to the ever-changing business landscape.

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