Retail Industry in India

India’s e-commerce sector is expected to reach US$ 53.08 billion in 2024, with an annual growth rate of 11.45% to reach US$ 91.24 billion by 2029.

Advantage India

Robust
Demand

* The Indian retail sector in 2024 saw the opening of over 750 new stores and a total of Rs. 12,000 crore (US$ 1.38 billion) raised, as per the data compiled by IndiaRetailing Insights.​

* India’s retail market is expected to grow at a Compound Annual Growth Rate (CAGR) of 10% to US$ 1.6 trillion by 2026. While the overall retail market is expected to grow at 12% per annum, modern trade would expand twice as fast at 20% per annum and traditional trade at 10%.

* 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.

Innovation
In Financing

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

* According to EY, E-commerce companies raised US$ 2.44 billion in PE/VC funding in 2023 from 85 deals, down from US$ 5.36 billion across 162 deals in 2022.​

Increasing
Investments

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

* India’s retail trading sector attracted Rs. 41,062 crore (US$ 4.74 billion) FDIs between April 2000-September 2024.

* 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.​​​

Last updated: Apr, 2025

Posters

MORE
AMONGST THE LARGEST

AMONGST THE LARGEST

India's retail market is the fourth largest globally.

IBEF Campaigns

MORE
Discover India 2024

Discover India 2024

APEDA is organizing participation in SIAL Paris 2024 scheduled to be held f...

Aatmanirbhar Bharat Utsav 2024

Aatmanirbhar Bharat Utsav 2024

Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...

Case Studies

MORE

Shaping the Future: How PM Ujjwala Yojana is Addressing India’s Energy Needs

Shaping the Future: How PM Ujjwala Yojana is Addressing India’s Energy Needs

India, with its large population and diverse socio-economic conditions, has long struggled to ensure clean and affordable energy access for all, espec...

India's Electronics Sector: Pathway to Global Value Chain Integration

India's Electronics Sector: Pathway to Global Value Chain Integration

Electronics manufacturing plays an essential role in the global supply chain, fuelling everything from electric cars on the road to smartphones in our...

Affordable Luxury: Understanding Premiumisation and Evolving Consumer Preferences

Affordable Luxury: Understanding Premiumisation and Evolving Consumer Preferences

The concept of "Affordable Luxury" is critical in the Indian context. Unlike traditional luxury, which caters to an elite niche, affordable ...

IBEF BLOG

MORE
Fashion Forward: An Analysis of India's Growing Apparel Market
26 Apr 2025

Fashion Forward: An Analysis of India's Growing Apparel Market

India's apparel market is transforming remarkably, characterised by vib...

India's Container Traffic Boom: Implications for Trade and Economy
25 Apr 2025

India's Container Traffic Boom: Implications for Trade and Economy

India’s container traffic has witnessed remarkable growth in recent y...

Changing India's Industrial Environment: An Overview of the National Industrial Corridor Development Programme (NICDP)
22 Apr 2025

Changing India's Industrial Environment: An Overview of the National Industrial Corridor Development Programme (NICDP)

The National Industrial Corridor Development Programme (NICDP) in India has...

Partners
Loading...