Indian retail market to reach $1 trillion by 2025: Report

March 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE

Indian retail market to reach $1 trillion by 2025: Report

The Indian retail market is estimated ...

Mr Kumar Rajagopalan

The Indian retail market is estimated to cross $1 trillion-mark by 2025 and top five retailers could take on a bigger slice of the industry, reaching over 10 per cent market share each in the next decade, a new report said on Wednesday.

The Indian retail market is likely to hit $1.1-$1.3 trillion dollar mark from 0.7 trillion in 2019—a 9-11 per cent CAGR growth—driven by multiple structural, socio-demographic and economic drivers fueling consumption, said the report by Retailers Association of India (RAI) along with Boston Consulting Group (BCG) titled “Retail 4.0: Winning the 20s.”