'Ecommerce to create 1.45 mn direct employment opportunities by 2021'

Image
IANS New Delhi
Last Updated : Dec 06 2016 | 4:48 PM IST

E-tail and its allied ecosystem like logistics, warehousing, IT, and ITeS is expected to create direct employment for around 1.45 million workforce by 2021, according to a report released on Tuesday.

The study, titled "Impact of Ecommerce on Employment in India" also said that e-tail is expected to add 0.4 million high-skilled jobs by 2021.

Further, the report prepared by Snapdeal, India's largest online marketplace, in partnership with KPMG showed that logistics and warehousing sector is expected to be the largest contributor, approximately 55 percent, to direct employment opportunities in e-tail.

"Through this report, we aim to highlight how the industry is generating direct and indirect jobs in core and associated industries, creating entrepreneurship opportunities in the deepest pockets of India and how it is influencing the socio-economic fabric of the country for a more balanced development," said Snapdeal's Co-founder and CEO Kunal Bahl.

The report outlined 70 percent of the online sellers is expected to come from smaller towns by 2018-19.

"This report highlights how this impact can be increased multi-fold by facilitating an ecosystem of growth for the industry - developing a skilled workforce, promoting entrepreneurship, improving physical infrastructure, facilitating participation of SMEs and MSMEs, defining clear regulatory frameworks, and providing easier access to funds, etc. to name a few areas which require attention," said KPMG India's CEO Richard Rekhy.

--IANS

bdc/vd

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 06 2016 | 4:38 PM IST

Next Story