Online and offline retail could fetch $8 billion in incremental GST by 2030: Report
March 08, 2021
National Retail Trade Policy will create a conducive environment for retail: Niti Aayog
With rising convergence of traditional and online channels establishing a digitally-enabled ecosystem and accelerated adoption of digital platforms by consumers, the online + offline retail (O+O) is expected to accelerate the growth of retail.
According to a report released by Nasscom and Technopak, online + offline enabled sales are pegged to touch the $640 billion-mark by 2030 making digitally enabled retail’s contribution to the overall Indian retail market at 43.4 per cent. This will also mean that the O+O retail model may contribute nearly $8 billion in incremental GST collection, accounting for 37 per cent of the total Indian retail industry’s tax contribution by 2030.
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Traders body plans to reduce Chinese imports to Rs 1 lk cr in 2021
By IANS |
Published on
Sun, Jan 3 2021 18:12 IST |
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Trade. (File Photo: IANS). Image Source: IANS News
New Delhi, Jan 3 : The Confederation of All India Traders (CAIT) on Sunday said it has targeted to reduce imports from China to Rs 1 lakh crore this year.
In a statement, the traders body said it would run a programme this year to liberate the country s e-commerce business from the clutches of foreign companies. As part of its Boycott Chinese Goods campaign from June 10, 2020, the CAIT has set the target of bringing down imports from China by Rs 1 lakh crore by the end of this year, the traders body added.
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