![]() ![]() India’s thriving and growing retail sector is in large part driven by higher disposable incomes, urbanisation, middle-class lifestyle changes, and increased digital connectivity and supporting infrastructure. ![]() Indian Government investment driving retail growth So, what factors and forces are driving such growth, and where and how is that growth distributed? We take a deep dive into Kearney’s 2021 Global Retail Development Index (GRDI) to find out. The country’s retail sector is expected to grow US$1.4 trillion by 2026 and more than US$1.8 trillion by 2030, and will generate 25 million new jobs by 2030, more than half of which will be based in integrated offline and online retail models. ![]() Despite slowdowns in consumer spending, low manufacturing output and global instability, India remains the world’s fastest-growing economy – with economic growth expected to reach 9.5% in fiscal year 2021-2022 – and the second biggest retail market, according to Kearney. ![]()
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