Indian Retail Market Dynamics
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Indian Retail Market Dynamics
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🎙️The Indian retail sector in 2024 saw the opening of over 750 new stores and a total of Rs. 12,000 crore (US$ 1.38 billion) raised, as per the data compiled by IndiaRetailing Insights.
🎙️India’s retail market is expected to grow at a Compound Annual Growth Rate (CAGR) of 10% to US$ 1.6 trillion by 2026. While the overall retail market is expected to grow at 12% per annum, modern trade would expand twice as fast at 20% per annum and traditional trade at 10%.
📚India is one of the most promising and developing marketplaces in the world. There is a great deal of desire among multinational corporations to take advantage of the consumer base in India and to enter the market first.
📚Increasing purchasing power has led to growing demand.
Credit: IBEF
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