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

* 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.​

* India's retail sector boasts an impressive market size, ranking fourth globally and contributing over 10% to the nation's GDP.​

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.​

* 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 labour at relatively low costs, and special investment wages such tax breaks, etc., foreign corporations prefer to invest here.​

* In the next 5 to 6 years, Subway, the renowned QSR chain, aims to double its presence in India, expanding its store count from 850 to 1,700 locations.​

* India’s retail trading sector attracted US$ 4.68 billion FDIs between April 2000-June 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.​

* 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: Jan, 2025

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