Retail Industry in India

India's retail sector is expected to touch US$ 1.5 trillion by 2030 from US$ 0.8 trillion in 2020.

Advantage India

Robust
Demand

* According to the Retailers Association of India (RAI), the retail industry achieved 96% of pre-COVID-19 sales in September 2021, driven by the rising demand from consumers.

* Increasing purchasing power has led to growing demand.

Innovation
In Financing

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

Increasing
Investments

* Foreign retailers entering the Indian market.

* India’s retail trading sector attracted US$ 4.11 billion FDIs between April 2000-June 2022.

Policy
Support

* About 51% FDI in multi-brand retail.

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

* In April 2022, the government approved PLI scheme for textiles products for enhancing India’s manufacturing capabilities and exports with an approved financial outlay of Rs. 10,683 crore (US$ 1.37 billion) over a five-year period.

Last updated: Dec, 2022

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India's retail market is the fourth largest globally.

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