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.

Snapshot Showcase Infographics Reports

Last updated: Apr, 2025

Avenue Supermarts

Avenue Supermarts Limited is an India-based company which owns and operates DMart stores. DMart is a supermarket chain that offers customers a range of home and personal products under one roof. Each DMart store stocks home utility products including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and others. The company offers its products under various categories, such as bed and bath, dairy and frozen, fruits and vegetables, crockery, toys and games, kid’s apparel, ladies’ garments, apparel for men, home and personal care, daily essentials, grocery and staples, and DMart private label brands. DMart has a presence in over 196 locations across Maharashtra, Gujarat, Daman, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab, and Rajasthan. The company has multiple stores in cities such as Mumbai, Ahmedabad, Baroda, Bengaluru, Hyderabad, Pune, and Surat.

Company Website

Shoppers Stop

Shoppers Stop Limited is engaged in the business of retailing a range of household and consumer products through departmental stores. Its products include apparels and non-apparels. Its non-apparel category includes cosmetics, personal accessories and leather goods, home wares, electronics, books, and music. The company, through its website, Shoppersstop.com, offers international and national brands in men's, women's and kids’ apparel, gifts and fashion accessories such as ladies watches, men's watches, artificial jewellery, fine jewellery, handbags, fragrances, men's and women's footwear, home furnishing and decor products. It has over six private brands, namely STOP, Kashish, Life, Haute Curry, Velorio Fratini and Elliza Donatein. It offers First Citizen Loyalty Program for customers. Its application is available on Google Play Store and Apple App Store.

Company Website

Aditya Birla Fashion & Retail Limited

ABFRL is a part of the Aditya Birla Group, a fortune 500 worldwide company. The group is supported by a remarkable force of over 140,000 employees from over 100 different nationalities. The company is built on a solid foundation of stakeholder value creation. Today, over 50% of Group revenues flow from overseas operations that span 36 countries in North and South America, Africa and Asia.Company. The company's portfolio of prestigious brands includes Louis Philippe, Van Heusen, Allen Solly, Peter England and Pantaloons. In Q2 FY25, company’s revenue stood at Rs. 3,226 crore (US$ 385.42 Million).

Company Website