3rd-7th MARCH, 2025 | 10:00AM-7:00PM
Retail & E-Commerce
The retail market in India has undergone a major transformation and has witnessed tremendous growth in the last 10 years. Indian retail market is estimated to reach US$ 2 trillion by 2032, driven by socio-demographic and economic factors such as urbanization, income growth and rise in nuclear families.
On the other hand, the Indian e-commerce industry is expected to cross US$ 350 billion mark by 2030, growing at a CAGR of 23%.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.
Nearly 60 shopping malls encompassing a total retail space of 23.25 million sq. ft are expected to become operational during 2023-25. India ranks among the best countries to invest in the retail space. Factors that make India so attractive include having the largest population in the world, a rising middle-income class, increasing urbanization, connected rural consumers and increased discretionary spending amongst consumers.
India is ranked No. 2 in Global Retail Development Index (GRDI) in 2021
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
By 2030 India will add 140 million middle-income and 21 million high-income households – Leading to a huge emerging middle class.
Online shoppers in India are expected to reach ~500 million in 2030, more than 2x increase from 220 million users in 2022.
Rural per capita consumption will grow 4.3 times by 2030, compared to 3.5 times in urban areas
By 2030, India will add nearly 90 million new households headed by millennials, who were born into liberalized India.
Increasing demand for organized retail space has helped create a capacity of ~120 million square feet (MSF) in retail space across major Indian cities. Major Indian cities include Delhi (23.7 MSF) and Mumbai (16.7 MSF)
Food & Grocery, Apparel & footwear, and consumer electronics are the largest retail segments, constituting 63%, 9% and 7% respectively of the retail market
The E-Commerce market is projected to grow at 18% annually through 2025 and is expected to touch US$ 350 billion in GMV by 2030
Luxury retail market in India is valued at US$ 30 billion and is steadily growing owing to rising disposable income and increasing investment by foreign brands
India’s digital economy is expected to reach US$ 1 trillion by 2030
UPI accounts for a significant portion of all digital payments, accounting ~11 billion transactions valuing US$ 210 billion in Nov 2023 alone
Digital payments gross transaction value ($T) is expected to grow from US$ 0.6 trillion in 2022 to US$ 3.1 trillion in 2030
Recent policy changes allow 100% FDI under the automatic route for single-brand retail trading and allow such entities to commence e-commerce operations prior to starting brick & mortar retail, provided they do so within 2 years of the start of online retail.