How big is retail industry in India?

The Indian retail market is estimated to be US$ 600 billion and one of the top five retail markets in the world by economic value. India is one of the fastest growing retail markets in the world, with 1.2 billion people.

How much is the retail industry worth in India?

India's retail sector attracted US$ 6.2 billion from various private equity and venture capital funds in 2020. According to a report by PGA Labs and Knowledge Capital, investors had put in US$ 1.4 billion into D2C companies between 2014 and 2020. The sector recorded an investment of ~US$ 417 million in 2020.

What is the size of the retail industry?

In 2021, the total retail market of the United States reached a revenue of over 6.5 trillion U.S. dollars.

How many retail industry are there in India?

The retail industry in India ranks 4th in the world in terms of size and accounts for 10% of the overall GDP of the country. The industry's market size in 2020 was approximately INR 65.50 trillion and is expected to reach INR 96.43 trillion by 2024. The retail industry is estimated to grow at a CAGR of 10.15%.

What is the current status of retailing in India?

The Indian retail market is largely unorganized. However, over the next 3-5 years, share of modern retail (including e-commerce) will increase to 30-35% with share of traditional retail coming down to 65-70%.

Retail Sector in India - Short Analysis !

Who is the biggest retailer in India?

1. Reliance retail limited. India's largest retailer by reach, scale, revenue, profitability, and India's biggest retail company. Established presence across key consumption baskets and holds a leadership position in food, consumer electronics and fashion retailing.

What is the future of retailing in India?

The retail market is growing at quite a fast pace in India. With a population of over 1 billion people, India is a highly attractive market for domestic and global retail players. The total retail market in India is estimated to be around $780 billion, which accounts for 10% of the country's GDP.

What percentage of retail is e-commerce in India?

Despite online sales accounting for just three percent of all retail in 2017, the digital commerce sphere was estimated to reach 330 million buyers online by 2020.

Why is retail industry growth in India?

Healthy economic growth, changing demographic profile, increasing disposable income, urbanisation, changing consumer tastes and preferences are some of the factors driving growth in the organised retail market in India. Indian online grocery market is estimated to exceed sales of about US$ 3.95 billion in 2021.

Is retail the largest industry?

As the nation's largest private-sector employer, retail supports more than one in four U.S. jobs — 52 million working Americans. This report measures both the direct and total impact of the retail industry on the U.S. economy. Direct impact refers to activity within the retail industry.

Which country has the largest retail market?

China to Overtake U.S. as World's Largest Retail Market in 2020.

What percentage of the economy is retail?

The industry's total GDP impact was $3.9 trillion, accounting for 18.7 percent of US GDP in 2018.

Which type of retailer is popular in India?

Hypermarkets in India are a combination of supermarket and department store. These are large retailers that provide all kinds of groceries and general goods. Big Bazaar and Reliance Fresh are hypermarkets that attract enormous crowds. These are the largest retail format in India.

What is the percentage of organized retail in India?

India's organised retail share has grown from four per cent 10 years ago to nine per cent currently.

Why is India the most attractive retail market in the world?

India has been rated as the most attractive retail destination in the world by AT Kearney for the third year in a row. Indian retail is witnessing a convergence of several favourable factors such as a steady economic growth, favourable demographics, infrastructure creation and supply of good real estate etc.

What is the market share of ecommerce in India?

The consumer electronics and apparel segments of the Indian e-commerce retail market represented about 40 percent of the total market share in 2020. All other segments had a volume share of less than ten percent.

Which states buy the most online in India?

According to the report, Delhi-NCR topped the charts as the most online shopping savvy city in India, closely followed by Bangalore, Mumbai, Chennai and Hyderabad.

Are online retailers good for Indian economy?

India's consumer digital economy is expected to become a US$ 1 trillion market by 2030, growing from US$ 537.5 billion in 2020, driven by strong adoption of online services such as e-commerce and edtech in the country. According to Grant Thornton, e-commerce in India is expected to be worth US$ 188 billion by 2025.

Is Ecommerce The future of retail?

Retail e-commerce revenues are projected to grow to $5.4 trillion in 2022, according to market data provider Statista. As retailers adjust to this digital sales boom, online marketplaces are changing the way customers shop.

What technology is used in retail?

Customer Service

Customer Relationship Management (CRM) software: Allows retailers to track customers. CD-ROMs at the register: Let sales associates make special orders on the spot. Also deliver sales training to sales associates on the floor. In-store interactive kiosks: Provide customers with product details.

Is there a future in retail?

Growth will be slow initially, but ramp up quickly. Smaller retailers will start to close, reducing consumer options and driving more people online. The role of the physical store will still be important despite the rise of online retail. In fact, brick-and-mortar retail can still thrive in the new era.

Is there any scope of retailing in India?

Retailing has a very wide scope. It is one of the fastest growing industries in India and is providing employment opportunities to many people.

Why is there no Walmart in India?

Walmart has always sold directly to customers. But in India, adopting this strategy was not feasible due to certain foreign investment policies and barriers to entry.

Which shop is most profitable India?