1.In order to reiterate India’s attractiveness as an investment destination, Prime Minister Narendra Modi will chair a virtual meeting with 20 large global investors managing assets of more than $6 trillion, on 5th November 2020. According to Economic Affairs Secretary Tarun Bajaj, virtual conference with the investors, which include several sovereign wealth funds and pension funds, will be followed by one-on-one interactions for each of them with the PM over the next two weeks.
Some of the prominent funds that have confirmed attendance are CDPQ, CPP Investments, GIC, Japan Bank for International Co-operation, Mubadala, New York Life, Qatar Investment Authority, Temasek and U.S. International Development Finance Corporation.
2. India’S FMCG market is expected to get a push in the coming years, driven by rural demand.
Fast-moving consumer goods (FMCG), also known as consumer packaged goods (CPG), are products that are sold quickly and at a relatively low cost. Examples include non-durable household goods such as packaged foods, beverages, toiletries, candies, cosmetics, over-the-counter drugs, dry goods, and other consumables.
3. Online retailing or shopping is gaining salience in India. Online retail penetration in India is just 3.4% compared to 25% in China and 20% in UK. However, low penetration rate indicates growth potential, and covid-19 has caused an inflection point in e-commerce penetration globally, driven by consumers’ need for safety and convenience.
Online shopping or online retailing is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser. It is a process that allows the customers to search, select and purchase the products, services and information remotely over the Internet.
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