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E-tailing, allied sectors to create 1.45 m jobs by 2021

by IRC-ADMIN - Dec 1 2016 12:00AM

India'scs e-retail and allied sectors, including logistics, warehousing and IT/ITeS, are expected to create about 1.45 million direct jobs by 2021, according to a joint report by Snapdeal and KPMG

India'scs e-retail and allied sectors, including logistics, warehousing and IT/ITeS, are expected to create about 1.45 million direct jobs by 2021, according to a joint report by Snapdeal and KPMG released on Tuesday. The logistics and warehousing sector is expected to be the largest contributor, creating direct employment opportunities for about 1 million, while e-tailing is expected to add 0.4 million high-skilled jobs by 2021, said the study titled ‘Impact of E-commerce on Employment in India'sc. “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 co-founder and CEO Kunal Bahl said. The e-commerce sector in India is projected to cross $103 billion by 2020, with e-tailing expected to account for 67 per cent ($68.8 billion) of it. Also, for every job that is created by the e-commerce industry, further 3-4 jobs can get created in downstream industries. Besides, the online seller base is projected to grow to 1.3 million by 2020 and expected to add more than 10 million net new jobs. Socio-economic impact With about 70 per cent of the online sellers expected to come from smaller towns by 2018-19, e-commerce is also creating a noticeable socio-economic impact by reaching interiors of the country, the report said. "Besides creation of employment in direct industries, e-tailing has also provided new opportunities to craftsmen, traditional artisans, merchants, sellers and women. The speed and scale of potentially creating a larger socio-economic impact is noteworthy.” E-tailing has created a big impact on the entrepreneurship and start-up culture in the country and has helped a wide range of professionals build careers. It has also created a shift in employee expectations by offering employment options with exciting career paths, diverse opportunities and new-age jobs. Recommendations The study also outlined the potential challenges and recommendations on the roles that the government, industry bodies and e-commerce companies can play in building more employment avenues and up-skilling. The recommendations include the need to invest in R&D for technology advancement, improving infrastructure and labour reforms, enhancing skills through vocational training, and offering incentives on employment created by start-ups.

Source - http://www.thehindubusinessline.com/info-tech/etailing-allied-sectors-to-create-145-m-jobs-by-2021/article9413946.ece

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