- As per the BCG-RAI Report titled “Racing towards the next wave of retail in India”, the retail industry would see a 10 % plus growth year on year to reach the 2 Trillion USD mark by 2032.
- The report also highlights that the E-Commerce would rise to 130 bn USD by 2026 as against 45 Bn today. E-commerce has gained greater pace during the pandemic as home delivery of products became the first preference.
- The Report highlights the importance of the FMCG sector and keeps India’s large consumer market at the base of its consumption. India’s exports are becoming more competitive owing to her market reforms which have paved the way for ease of doing business in India.
Question:
Q.1 Which industry, as per the BCG-RAI report, would touch the 2 Trillion USD mark by 2032?a. Tourism
b. Healthcare
c. Infrastructure
d. Retail
