Retail
By 2018, the Indian retail sector is likely to grow at a CAGR of 13 per cent to reach US$ 950 billion.

Indian Retail Industry Analysis

Latest update: September, 2016

Strong growth in the Indian Retail Industry

 

• The retail sector in India is emerging as one of the largest sectors   in the economy

• By 2015, the total market size is estimated to be around US$ 600   billion,thereby registering a CAGR of 7.45 per cent since 2000.

• Retail industry is expected to grow to US$ 1.3 trillion by 2020,   registering a CAGR of 9.7 per cent between 2000-2020

Passenger vehicle exports from India

Organised retail in nascent stage

 

• The Indian retail market is in its nascent stage; unorganised   players accounted for 92 per cent of the market during 2015

• There are over 15 million mom-and-pop stores

• Between FY09-13, organised retail in India witnessed a CAGR of   19-20 per cent

• Organised retail is expected to account for 24 per cent of the   overall retail market by 2020

Passenger vehicle exports from India

 

Last Updated: September, 2016

The Indian retail industry is one of the fastest growing in the world. Retail industry in India is expected to grow to US$ 1.3 trillion by 2020, registering a Compound Annual Growth Rate (CAGR) of 16.7 per cent over 2015-20. 

India is the fifth largest preferred retail destination globally. The country is among the highest in the world in terms of per capita retail store availability. India’s retail sector is experiencing exponential growth, with retail development taking place not just in major cities and metros, but also in Tier-II and Tier-III cities. Healthy economic growth, changing demographic profile, increasing disposable incomes, urbanisation, changing consumer tastes and preferences are the other factors driving growth in the organised retail market in India. 

India’s population is taking to online retail in a big way. The online retail market is expected to grow from US$ 6 billion to US$ 70 billion during FY15-FY20.

Increasing participation from foreign and private players has given a boost to Indian retail industry. India’s price competitiveness attracts large retail players to use it as a sourcing base. Global retailers such as Walmart, GAP, Tesco and JC Penney are increasing their sourcing from India and are moving from third-party buying offices to establishing their own wholly-owned/wholly-managed sourcing and buying offices.

The Government of India has introduced reforms to attract Foreign Direct Investment (FDI) in retail industry. The government has approved 51 per cent FDI in multi-brand retail and increased FDI limit to 100 per cent (from 51 per cent) in single brand retail. 

Sectoral Presentation (September, 2016)

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Retail India

Market size over the past few years (US$ billion)
Retail India

 

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