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Related Keywords: 53 percent, artificial intelligence, Ecommerce, Generation Z, online, research, retail, Sales, technology, United Kingdom

Ecommerce in the United Kingdom will account for 53 percent of the country’s total retail sales by 2028. Factors powering this online growth are the fact Generation Z and Millennials will be half of the adult population in ten years, faster, cheaper and in-home delivery and fewer physical stores.

Currently, ecommerce in the United Kingdom accounts for 19.2 percent of total retail sales. It’s expected to grow to 33.8 percent by 2024 and even to 53 percent by 2028.
‘Online drives majority of retail within next 10 years’

Related Keywords: 23 lakh powerloom, bankers, beneficiaries, Indian textile ministry, Kiran Sony Gupta, office of textile commissioner, online, Textile Commissioner, TUF scheme

The Indian Textile Ministry has decided to put all information related to Textile Upgradation Fund (TUF) Scheme online. This will assist the beneficiaries to overcome any possible procedural hassles and also delay and confusion over the communication. The decision on TUF procedure to be made online as it was observed that of the 23 lakh powerlooms, only about 1.25 lakh looms have taken advantage of the TUF and other schemes.