They call it survival of the fittest, but I believe it's important for the traditional "mom and pop" retail model to coexist with e-commerce and, more importantly, quick commerce. While quick commerce has emerged stronger post the wake of the COVID outbreak, excelling in cost, convenience, and catalog, it lacks the crucial element of emotional connection. Blinkit, the leader in quick commerce, is nearing profitability with INR 24,000 crore in gross sales from ~800 stores and a valuation exceeding INR 1,20,000 crore. The question is, will this growth come at the expense of online platforms or traditional stores? Traditional retail offers more than just purchase; it provides an experience and fosters human connections which many households need. India has about 1.3 crore traditional stores with extensive reach, supporting livelihoods across the unorganized sector. While e-commerce penetration in India remains relatively low, wider adoption could have significant repercussions
Talking on agriculture, About 75% of the Indian population lives in rural areas and about 80% of this population is dependent on agriculture for its livelihood.Agriculture accounts for about 37% of the national income. The development of the rural areas and of agriculture and its allied activities thus becomes vital for the rapid development of the economy as a whole. Agricultural Productivity Even though India occupies the first or second position in the world in several crops in terms of area and production, it's rank in terms of productivity per hectare in the world is 52 for rice, 38 for wheat and much low in several other crops. The productivity of some crops is not only low but also remained stagnant over the years. The yield gap needs to be bridged through an integrated package of technology and agricultural policies to reap the untapped production potential, particularly, in rain-fed and other low productivity areas.
What the INDIA INC says abt it?
A
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