The number of gig workers in India are growing, whether they are drivers of autorickshaws, taxis or bikes, or those engaged in the delivery of food or groceries, or others working for e-commerce companies. The surge in job opportunities for gig-workers across sectors has led to an increase in government initiatives for their welfare.Ā Also…
The government’s Bureau of Indian Standards (BIS), has issued stern notices to leading e-commerce platforms ā including Amazon, BigBasket, and Flipkart ā for violating mandatory certification norms. BIS, which functions under the Ministry of Consumer Affairs, Food and Public Distributions, raided Amazon and Flipkart warehouses and seized products lacking the BIS certification. Following the seizure…
Looking at 2005-20, the McKinsey Global Institute (MGI) evaluated 12 high-growth, dynamic industries that did the most to reshape the global economy in these years. MGI then looked at future āarenas of competitionā that are most likely to drive outsized growth for companies over the next two decades: e-commerce, cloud services, artificial intelligence (AI), semiconductors,…
It doesnāt take an economic genius to pinpoint the allure of Chinese e-commerce giants. The rapid growth of platforms like Shein, PDD Holdingsā Temu and Alibaba Groupās AliExpress was never about the quality of their products, ethical supply chains, customer service, or even US consumerism and excess. Itās always been about their ultra-low prices. As…
The latest HCES 2023-24 fact-sheet, released hot on the heels of the 2022-23 micro-data, offers a treasure trove of insights into shifting consumption over the past year. But the HCES offers more than just an update on spending habits. It gives us a ring-side view of how India shops, eats and lives. An intriguing subplot…
