Budget 2022 Expectations: ‘Need initiatives that encourage widespread adoption of technology for small retailers’
Indian retailers and distributors earn smaller profits than retailers and distributors elsewhere. In comparison to the global average of 30-35%, the average Indian shopkeeper earns a pitiful 10% profit margin on each sale, he said.
While the government should work to improve the digital infrastructure, it should also take care not to disrupt the highly efficient supply system that already exists. Source: Reuters