This industry has experienced a healthy development. The Indian retail sector has reached a new total market value of US$ 795 billion in 2017 and is expected to cross US$ 1.75 trillion by 2026. The nation is predominantly an unorganized retail economy, responsible for more than 80% of the global retail industry. Nevertheless, the consolidated retail market is still expected to increase its share by up to 25% by 2021.
The e-commerce industry is also expected to expand by 30% CAGR for gross merchandise to hit US$ 200 billion by 2026. The robust growth is guided by increasing wages, expanded internet shopping, growing rural consumption, and also by young millennial households.
Our team at India Competitive Intelligence provides consumer and retail advisory services to support our clients in fields such as FMCG, branded products, e-commerce, retail digitalization, management of customer journeys, and much more. We will help you compete over large-scale prospects in the massive Indian customer industry.