Indian retail is growing

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Mumbai, Sep 1: The fifth largest retailer of the world, India contributed over 30 percent of the national Gross Domestic Product (GDP).

However, over $65 billion is wasted due to inefficient supply chain systems in the country.

"There"s only 20 percent capacity addition in railway network since independence but traffic has increased 10 fold. Capacity constraints at airports lead to 20-30 percent additional fuel consumption," said the CEO Amarthi Consulting.

He also continued, "30 percent farm produce worth $13 billion gets wasted due to lack of integrated cold chain infrastructure and there is complex taxation structure that adds to increased costs and delays."

Though the demand for retail trade is growing in India with the pace of time.

OneIndia News

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