Growth of e-commerce in India ‘matter of concern, nothing to be proud of’, says Piyush Goyal

Raising concerns over the rapid expansion of e-commerce firms in India, Union Commerce Minister Piyush Goyal on Wednesday described it as a “matter of concern” rather than an achievement.

Speaking at an event for the launch of a report on the ‘Net Impact of E-Commerce on Employment and Consumer Welfare in India’, Goyal raised questions about the potential social disruption that might follow this surge.

“Are we going to cause huge, social disruption with this massive growth of e-commerce? I don’t see it as a matter of pride that half our market may become part of the e-commerce network 10 years from now; it is a matter of concern,” Goyal remarked.