The Indian economy is emerging as one of the faster growing economies in the world today and a preferred FDI destination. Rising incomes, savings, investment opportunities, increased domestic consumption and younger population ensures growth for decades to come.
The high growth sectors have been identified, which are likely to grow at a rapid pace and the recent initiatives of the Government of India such as ‘Make in India’, Skill India’, ‘Digital India’ is expected to help the economy in terms of exports and imports with steady and sustainable trade Balance.
The retail market in India has undergone a major transformation and has witnessed tremendous growth in the last 10 years
- India’s retail market is estimated to reach ~1.5 tn by 2030, from $0.793 tn in 2020, adding nearly $700 bn in market size in this decade
- India’s e-commerce industry set to grow 84% by 2024
India ranks among the best countries to invest in Retail space
- India ranked No. 2 in the Global Retail Development Index (GRDI) in 2019.
- FMCG, apparel & footwear, and consumer electronics are the largest retail segments, constituting 65%, 10% and 9% respectively of the retail market
- The E-Commerce market is expected to touch $350 Bn in GMV by 2030
- Online shoppers in India are expected to reach ~500Mn in 2030 from +150Mn in 2020
