Internet penetration and online purchases in the world’s world’s second-most-populous country are today where China’s were about seven years ago. Mumbai: India needs to add about 80 million jobs by 2025 to ensure enough jobs for its bulging youth population, so its demographic dividend doesn’t become a liability. Taking into account the offline employment that could be lost in the process, Bhandari and Srinivas estimated the potential gain at a net 12 million jobs. What about the additional 12 million jobs that would still be needed? India, like China at that time, doesn’t have an organized network of brick-and-mortar retailers, making e-commerce a potentially powerful force for change.

Source: Mint August 03, 2016 03:45 UTC