Reliance Has Decided To Enter in Retail Industry

The entry of Reliance Retail in online retailing will create competition for the existing online selling companies like Amazon, Flipkart, Walmart, Snapdeal, Nykka etc.

According to the global market research firm, the online retail sales in India will grow at a five-year CAGR of 25.8 percent to reach $85 billion (about Rs. 5,90,000 crores) by 2023,

A discount system of Reliance Retail can create problems for other rivals like Flipkart, Amazon, etc.

As we have witnessed that after the advent of Reliance Jio 4G. There have been competitive hiccups between the players in the telecom Industry.

Because of the current changes in eCommerce policy by the government. Reliance is finding a policy where it can easily operate with its current existing retail set up to operate easily and deliver the goods to its buyers.

Reliance is continuously trying to enter new sectors and to launch new things.

It has recently launched an app related to food and grocery. It is just testing among its employees. After the successful testing, it will be helpful in operating it at a large level in the future.

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