Source | The Financial Express
E-commerce in India is expected to see a significant uptrend in the coming days and could lend a helping hand to the country’s job landscape, which needs as many as 80 million new jobs in the next decade, says a report.
“Already employing just under a million Indians, e-commerce could be a new source of service sector jobs,” global financial services major HSBC has said.
Young population, rapid smartphone adoption and a digital payments revolution could support the rise of e-commerce.
Moreover, India is lagging behind China by more than seven years, in terms of Internet penetration and online purchases, e-commerce could experience a similar takeoff.
“We find that e-commerce jobs are more productive than the kind India is currently creating. They could also be an easy fit, matching India’s skills and entrepreneurial profile,” HSBC said in a research note.