Rising Income Level and Changing Lifestyle of Consumers are Expected to Steer the Growt... - 0 views
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kunalk9995 on 19 Nov 19Home delivery services in India, predominantly due to the growing penetration of Internet and smartphones, especially among the lower-income group. Additionally, the change in the user's lifestyle and growing consumer spendings will further boost the growth of the home delivery market in India. Since 2006, Indian per capita income has increased by 45% owing to the increasing employment and consumer spending, primarily due to the boom in IT services in the country. This has resulted in a change in social life and other needs, thereby fueling the demand for home delivery services in India, especially home delivery services associated with food and restaurant. Furthermore, an increase in the number of working women has resulted in an additional source of family income. Hence, urban areas in India are witnessing significant changes in living standards, including changes in lifestyle and food habits. Thus, the demand is increasing for quick access to food at affordable rates, which has further boosted the home delivery market in India. Few of the key happenings are detailed below: July 2019, Amazon had plans to provide online food delivery business in India. The company is working with a local partner, Catamaran, to launch its services. August 2019, Due to rising competition in mobility solutions, Indian Oil Corporation (IOC), which is among the largest fuel retailer, has initiated door-step delivery of diesel in Pune and Chennai and planning to provide this service to other locations as well.
