*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 India Retailing Insights.
*India’s retail market expanded from Rs. 35,00,000 crore (US$ 400.9 billion) in 2014 to Rs. 82,00,000 crore (US$ 939.8 billion) in 2024, growing at an 8.9% annual rate, according to a report by Boston Consulting Group (BCG) and the Retailers Association of India (RAI).
*India’s organised retail sector is expanding rapidly. It is projected to reach Rs. 20,08,590 crore (US$ 230 billion) by 2030, driven by rising disposable incomes and evolving consumer preferences, according to a Deloitte-Retailers Association of India (RAI) report.
*India's seven major cities are set to receive 16.6 million square feet (sq. ft.) of prime retail space in new shopping malls by the end of 2026, as per Anarock's data.
* 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.
* 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. 41,045 crore (US$ 4.80 billion) FDIs between April 2000-December 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.
* 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.
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