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›SME Sector›Mukesh Ambani | Jeff Bezos: Beyond Ambani vs Bezos, resourceful small retailers offer a glimpse of retail future
Beyond Mukesh Ambani vs Jeff Bezos, resourceful small retailers offer a glimpse of retail future
Synopsis
2020 was a testament to the ingenuity, agility and resilience of small retailers in India, and their future is anything but dull.
As two of the world’s richest men slug it out to dominate India’s estimated $1 trillion consumer retail market, away from the limelight small shop-owners across the country are thriving and finding help from unlikely allies.
Future Group’s $3.4 billion asset sale to Reliance Industries Ltd has put Mukesh Ambani and Amazon’s Jeff Bezos in a legal tussle, but the real fight is to be in control of a market with over 1.3 billion people. With