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E-commerce could create 12 mn jobs over 10 yrs: HSBC

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.

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