Traditional Retailers Call for Policy Support in Response to E-Commerce and Quick-Commerce Growth

Manohar Agarwal, the national co-convenor of the Swadeshi Vyapar Manch, has raised concerns regarding the diminishing interest of the younger generation in family-owned businesses. This trend poses a potential risk to the longevity and sustainability of such enterprises, which have traditionally played a significant role in the Indian economy.

Family businesses have been a cornerstone of the countrys economic landscape, contributing to employment and the growth of local economies. Agarwal emphasized the importance of fostering a spirit of entrepreneurship among youth to ensure these businesses can thrive and adapt to contemporary market challenges.

To combat this trend, he suggested implementing initiatives aimed at promoting awareness of the value of family enterprises, as well as offering training and educational programs that highlight the opportunities within these businesses. By encouraging young people to engage with family legacies, Agarwal hopes to revitalize interest and commitment to this vital sector of the economy.