What is Indian Retail

Retail & E-Commerce

The Indian retail market is projected to reach $ 1.75 billion by 2026

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This page was last updated on - Mar 17, 2021

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India - The top retail destination

The retail market in India has gone through a major transformation and has seen tremendous growth over the past 10 years. The total retail market will surpass the $ 1.75 billion mark by 2026, up from $ 795 billion in 2017. The Indian e-commerce market is expected to grow 30% with gross merchandise value being $ 200 billion by 2026.

India is among the best countries to invest in retail space. Factors that make India so attractive include the world's second largest population, a middle class of 600 million people, increasing urbanization, rising household incomes, connected rural consumers and increasing consumer spending.

  • India ranked 2nd in the Global Retail Development Index (GRDI) in 2019.
  • Retail is India's largest industry and currently accounts for over 10% of the country's GDP and 8% of total employment.

Recent policy changes allow 100% FDI automatically for theSingle brand retail.

Please refer to the FDI Policy for more details

  • Contribution to Indian GDP

  • Share of India's employment

  • Increase in consumption

  • Organized retail growth

India ranked 2nd in the Global Retail Development Index (GRDI) in 2019

India is expected to have more internet users (650 million) than the total population of six G7 countries by 2021

India will become the third largest consumer economy by 2025 (consumer spending expected to grow by a factor of 3 to $ 4 billion)

Retail & E-Commerce Information Package
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Industrial scenario

Retail in India has seen healthy growth in recent years, reaching a total market size of $ 795 billion in 2017.

The Indian retail market is estimated at $ 1.75 billion by 2026, down from $ 0.79 billion in 2018, a growth of 9-11% due to socio-demographic and economic factors such as urbanization, income growth and the rise of nuclear families is due. On the other hand, the Indian e-commerce industry is expected to pass the $ 200 billion mark by 2026.

GROWTH ACCELERATOR

  • Growing income

    3-fold increase in median household income to $ 18,448 in 2020 from $ 6,393 in 2010

  • Increased online spending

    Online shoppers are projected to be 350 million by 2025 from the current 90 million, with digital spending expected to grow more than 10-fold to $ 550 billion and accounting for 35% of all retail sales by 2025

  • Rural Consumption Growth

    Per capita consumption in rural areas will increase 4.3 times by 2030 compared to 3.5 times in urban areas

  • Young millennial households

    India will add nearly 90 million new households led by Millennials born in liberalized India. The country's median age will be 29 years by 2025, with the world's largest skilled workforce of over 600 million by 2025.

Industrial land banking portal

GIS-based map with the available infrastructure for setting up manufacturing plants

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