MUMBAI, 17 MAY, 2022 (GPN): With the development and introduction of the concept of the Open Network for Digital Commerce (ONDC) ,this government is moving towards the vision of 5 trillion economy says Mr Yatin Shah, MD, HKG Ltd. The e-retail market is expected to grow to US$ 120-140 billion by FY26, increasing at approximately 25-30% p.a. over the next 5 years. India has the third-highest number of e-retail shoppers (only behind China, the US). India has the highest number of digital transaction keeping china at second place in 2021. E-commerce is expanding steadily in the country. E-commerce is probably creating the biggest revolution in retail industry, and this trend is likely to continue in the years to come.

HKG is keen to understand and envisage the vision of the Government to empower retailers, in there fight against the multi national companies. ONDC will provide the power of digital to small retailers in order to make them Atmanirbhar and contribute to the economy of this nation . If India can convert retailers/household and start ups into digital platform , than the day will not be far to reach Indian economy at the magic number of USD 5 trillion economy.

We at Areaonline have a vision to digitise the retail industry by enabling the small retailer, household and small service provider to cater to the needs of the local area and transform the retail industry from phyical form to phyigital concept says Mr Shah. Areaonline has developed the technology where the customer can download the Area online app and order the products within his area or any shop of his choice from the shops listed on the site. The small retailers and households who were deprive of the business because of lack of digital presences and delivery arrangements can now take take off there business to new level in phyigital concept.

HKG Ltd supports Government for initiating the unique concept of Open Network for Digital Commerce (ONDC) which is similar to the concept of Area online and purpose of both the platform is same “SAVE RETAILER SAVE ECONOMY”