RETAIL SECTOR AND INDIA - India’s retail sector is expected to nearly double to $1.9 trillion by 2030, according to a Deloitte-Ficci report. - The growth is driven by robust domestic consumption, digital adoption, premiumisation, and expansion in both urban and emerging markets. - In 2024, the retail sector was valued at $1.1 trillion, with purchases and spending capacity increasing among Indian households. - Factors supporting this growth include the rise of digital commerce, the expansion of modern retail formats, policy changes like free trade agreements, and growing brand confidence to expand internationally. - The report highlights the impact of evolving consumer preferences, an expanding middle class, a youthful population, and increasing digital infrastructure, all contributing to the sector’s rapid growth and resilience against global volatility. Source the times of India
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