Summary:

India’s retail market is projected to reach ₹1,37,28,000 crore (US$ 1.6 trillion) by 2030, with organised retailers capturing over 35% (₹51,48,000 crore/US$ 600 billion). Discretionary purchases will fuel growth, while essential goods dominate spending. However, the supply side remains fragmented, with over 70% comprising smaller, regional, and unbranded brands. Only 350 Indian brands exceed ₹858 crore (US$ 100 million) in revenue, compared to 2,800 in China.

India's retail sector remains highly fragmented due to regional preferences, price sensitivity, and complex supply chains. Localised consumption patterns vary widely, while affordability drives smaller purchases. Unorganised intermediaries complicate supply chains, though general trade thrives with hyper-local focus. However, it faces pricing and availability issues. Organised retail is rapidly growing and is projected to exceed ₹51,48,000 crore (US$ 600 billion) by 2030, adapting to India's diverse consumer demands.

Source: IBEF

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