India’s Retail Market

The size of the country's retail market is expected to touch USD 2 trillion by 2032, growing from USD 690 billion in 2021, according to a joint report by Anarock and Retailers Association of India (RAI). The report by property consultant Anarock and RAI said that real estate developers plan to add nearly 25 million square feet of new mall space across seven major cities over the next 4-5 years. In 2022, these seven cities added over 2.6 million sq ft of mall space, up 27 per cent from the preceding year. "The festive season, devoid of restrictions and any fear of the contagion, was exemplary with record high volumes and sales value," Anuj Kejriwal, CEO & Managing Director - ANAROCK Retail, said. Sales value estimated during the festive season in late 2022 was Rs 2.5 lakh crore, nearly 2.5 times compared to the previous year, he said. "Further, the retail market size is expected to touch USD 2 trillion by 2032, growing from USD 690 billion in 2021, facilitating the organised retail

CCI had suspended the 2019 investment deal between Amazon and Future group firm (Future Coupons) and NCLAT had upheld CCI's decision

Also, despite heightened competition from quick commerce players, revenue of food and grocery retailers will be higher by 38% over FY20

The retail businesses across India witnessed a growth of 24% in May this year against the pre-pandemic level of the same month in 2019, according to industry body RAI

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The German retailer operates 31 cash-and-carry stores across India

Retail businesses across regions have indicated growth in February 2022, with sales in West India growing 16 per cent against the same month last year: RAI

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The remuneration of Kishor Biyani, Chairman of debt-ridden Future Retail Ltd, declined nearly 44 per cent to Rs 2.17 crore in the last financial year.

The Indian retail segment has its own uniqueness and the country is one of the most exciting markets globally that is poised to grow to over a trillion dollars by 2025, according to CEO Doug McMillon

Techy conglomerate investing in Flipkart at a time when Reliance Industries and Tata are betting big on e-commerce as well.

India's retail landscape is changing, with global and domestic consumer and retail behemoths fighting tooth and nail to woo shoppers, as many choose large, clean supermarkets over crowded local stores

Amazon is willing to 'sink the ship' but doesn't want Reliance to acquire Future's assets, says one analyst.

Companies expect recovery by the second quarter of FY21

The report noted that data and technology driven disruptions along with supply side innovations will shape the future of the retail landscape

While concerns have been expressed of late that stress may be on the rise in the retail loan books, it is also true that lenders now have access to a plethora of data points for credit assessment

As investments flow in and the goods and services tax in place, the share of organised retail is expected to increase to 20 per cent by 2020