Manohar Agarwal, a prominent figure in Karnataka's trading community, has expressed concern over the plight of small traders in the state, stating that they are becoming victims of the rapid growth of e-commerce platforms. Speaking at a recent event, Agarwal highlighted the challenges faced by traditional brick-and-mortar businesses in adapting to the digital era.
Adaptation to Changing Times
Agarwal emphasized that traders must evolve with changing generations, technology, and policy shifts to sustain and grow in an increasingly competitive market. He noted that many small traders are struggling to compete with the convenience and pricing offered by online retailers.
Impact on Local Economy
The rise of e-commerce has led to a significant decline in foot traffic for local shops, affecting livelihoods across Karnataka. Agarwal called for a balanced approach that supports both traditional traders and the digital economy.
Call for Policy Support
He urged the government to implement policies that protect small traders while encouraging innovation. Agarwal also stressed the importance of digital literacy and training programs to help traders leverage technology effectively.
As e-commerce continues to expand, the future of small traders hinges on their ability to adapt and innovate in a rapidly changing landscape.
