Summary:

India’s organised retail sector is growing rapidly and is projected to reach Rs. 20,08,590 crore (US$ 230 billion) by 2030, with a 10% CAGR. Key growth drivers include rising incomes, Generation Z’s influence, easier credit access, and a shift towards organised retail. Expanded credit access has democratised consumption, enabling broader participation in discretionary spending, according to a Deloitte-RAI report.

The report highlights how financial inclusion is transforming India’s retail industry, driving a shift towards organised retail. Private consumption has surged from Rs. 87,33,000 crore (US$ 1 trillion) in 2013 to Rs. 1,83,39,300 crore (US$ 2.1 trillion) in 2024, outpacing the United States, China, and Germany. Experts believe that digital commerce, rising consumer spending, and evolving retail models present significant growth opportunities.

Source: IBEF

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