The Retail market in India has undergone a major transformation and has witnessed tremendous growth in the last 10 years. The Retail market is set to cross the $ 1 tn mark by 2020 from $ 672 bn in 2017.
India ranks among the best countries to invest in Retail space. Factors that make India so attractive include the second largest population in the world, a middle class of 600 mn people, increasing .urbanisation, rising household incomes, connected rural consumers and increasing consumer spending
Retail is India’s largest industry, currently accounting as below
- 10 %Contribution to India’s GDP
- 8 %Share in India’s employment
- 4 XRise in consumption
- 3 XGrowth in organized retail
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