Retail Industry in India

Indian retail market is expected to reach US$ 1.1 trillion by 2027 and US$ 2 trillion by 2032.

Advantage India

Robust
Demand

* India is one of the most promising and developing marketplaces in the world. There is a great deal of desire among multinational corporations to take advantage of the consumer base in India and to enter the market first.

* Increasing purchasing power has led to growing demand.

* Nearly 60 shopping malls encompassing a total retail space of 23.25 million sq. ft are expected to become operational during 2023-25.

Innovation
In Financing

* Collective effort of financial houses and banks with retailers are enabling consumers to go for durable products with easy credit.

* Many global investors are investing in the retail sector either by buying a stake in existing assets or through greenfield development platforms.

* E-commerce and consumer internet companies raised US$ 15.4 billion in PE/VC funding in 2022, almost twice the amount raised in 2020 of ~US$ 8.2 billion.

Increasing
Investments

* Due to India’s wealth of resources, availability of labour at relatively low costs, and special investment wages such tax breaks, etc., foreign corporations prefer to invest here.

* India’s retail trading sector attracted US$ 4.56 billion FDIs between April 2000- September 2023.

* The retail sector in India accounts for over 10% of the country’s GDP and around 8% of the workforce (35+ million). It is expected to create 25 million new jobs by 2030.

Policy
Support

* To improve the business climate and make it simpler for foreign companies to register fully owned subsidiaries in India, the Indian government has implemented a number of rules, regulations, and policies.

* 100% FDI allowed in single-brand retail under the automatic route.

* Liberalisation of FDI is expected to give a boost to Ease of Doing Business and Make in India.

Last updated: Feb, 2024

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