Rise of q-comm shutters 2 lakh kirana stores across India
By
Binu Mathew
The rapid expansion of quick commerce in India has led to the closure of around 200,000 kirana stores in the country in the past one year, India’s biggest retail distributors association the All India Consumer Products Distributors Federation (AICPDF) said on Monday.
In a statement, the federation added that the sales of kirana stores this festive season have remained stagnant. Currently, India is estimated to have around 13 million of these stores, with over 10 million of them in tier-2 and smaller cities.