E-Commerce

November 21, 2024 3:21 PM

Private consumption driving growth in Q3, with rural India taking the lead: RBI

The slowdown observed in the Indian economy during the second quarter of 2024-25 appears to be behind us, with private consumption once again driving domestic demand. Festival spending has reignited real activity in Q3, according to the Reserve Bank of India’s (RBI) November bulletin. The report highlights rural India as a key growth driver, particularly for e-commerce during the festive season. This momentum is expected to strengthen further, supported by a sharp rise in kharif crop output a...

Growth of e-commerce should be citizen-centric: Union Minister Piyush Goyal

Union Commerce Minister Piyush Goyal on Wednesday emphasized the need for a balanced approach to the expansion of e-commerce in India, saying that it should be citizen-centric and supportive of the broader economy. Speaking at the launch of the Pahle India Foundation’s report on the 'Net Impact of E-Commerce on Employment and Consumer Welfare in India,' Goyal cautioned against disrupting the livelihoods of India's 100 million small retailers as e-commerce companies seek to expand their market...