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The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. Retail Industry in India accounts for over 10% of India's gross domestic product (GDP) and around 8% of employment. India is the world’s fifth-largest global destination in the retail space. India ranked 73 in the United Nations Conference on Trade and Development's Business-to-Consumer (B2C) E-commerce Index 2019. India is the world’s fifth-largest global destination in the retail space and ranked 63 in World Bank’s Doing Business 2020.
As the country recovers from the pandemic, the retail industry In India has resumed its growth trajectory and is likely to witness 10 per cent annual growth to reach approximately USD 2 trillion by 2032, driven by socio-demographic and economic factors such as urbanization, income growth and rise in nuclear families. On the other hand, the Indian e-commerce industry is expected to cross the $350 bn mark by 2030, growing at a CAGR of 23%.
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Explore the major benefits of registering your business as a Private Limited Company.
The company and its members are treated as separate legal persons with distinct identities.
The company continues to exist even after death, insolvency, or resignation of shareholders or directors.
Members are liable only up to the unpaid amount on the shares held by them.
Shares can be transferred easily, making ownership transition simple and structured.
Foreign investors and entities can invest directly in a Private Limited Company.
Company information is publicly available, increasing transparency and trustworthiness.
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