Union Minister of Commerce and Industry Piyush Goyal's comments on large e-commerce players have reignited the debate about their impact on smaller offline retailers.
On Wednesday, Goyal said that the rapid growth of e-commerce in India is a "cause for concern" and is diminishing the market share of small, mom-and-pop stores by offering high-margin products such as consumer electronics and apparel at discounted rates.
His remarks have polarised opinions among retailers. Small retailers have largely supported Goyal's statements, while industry bodies argue that e-commerce has actually benefited smaller retailers.
The Forum for Internet Retailers, Sellers, and Traders (FIRST), India, claims its members have "benefited immensely" from e-commerce.
Bu hikaye Business Standard dergisinin August 22, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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