Sales dip at 60% of Mumbai's offline grocery as quick commerce grows: Study

Quick Summary:

He has argued that the 30-40 million people who shop at quick commerce platforms, did not use kiranas anyway.

As many as 60 per cent of respondents said their sales volume has declined.

Praveen Khandelwal, BJP Lok Sabha MP and president of the Confederation of All India Traders (CAIT), has said businesses fueled by foreign direct investment are distorting the market and driving kirana shops out of business.

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Article Details

Category: BusinessFinance

Markets: India

Topics: JP Morgan Quick commerce Mumbai Retail sales Zomato

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 12:31:17 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24545196

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