Arvinder Khurana, national president of the All India Mobile Retailers Association (AIMRA), said that between 30,000-40,000 retailers have already shut shop since last year’s lockdown. With an increasing number of consumers shifting online, India’s retail sector needs strong support from the government right now, said Khurana. Additionally, retailers have to spend a lot on logistics as compared to regular e-commerce platforms, who have wholesale deals with courier services. Shashi Arora, chief executive officer of Llyod, a home appliances maker, said the impact of the second wave will be felt throughout this year. “The second wave has been very disruptive for the industry, impacting all consumer businesses from mid-April onwards.

Source: Mint May 25, 2021 17:37 UTC