2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Japan
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China
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Russia
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Germany
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Detailed explanation-1: -India replaces China as top retail destination in 2017: Study-Times of India.
Detailed explanation-2: -Despite the pandemic, the online retail market in India is expected to grow by 32 percent (approx.) over the next few years with the potential to reach $225 billion (approx.). The D2C will be the key propeller of this growth; reflecting a CAGR of near 45 percent levels.
Detailed explanation-3: -Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10% of the country’s gross domestic product (GDP) and around 8% of the employment. India is the world’s fifth-largest global destination in the retail space.
Detailed explanation-4: -India has emerged as the world’s fifth-largest global destination in the retail space and is expected to reach a whopping US$ 2 trillion in value by 2032, according to a recent analysis by the Boston Consulting Group. It is one of the top sectors for Unify.
Detailed explanation-5: -India’s retail trading sector attracted US$ 4.11 billion FDIs between April 2000-June 2022. According to data released by the Ministry of Statistics & Programme Implementation (MoSPI), India’s Consumer Price Index (CPI) based retail inflation stood at 6.77% YoY in October 2022.