The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. Total consumption expenditure is expected to reach nearly USD $3,600 bn by 2020 from USD $1,824 bn in 2017. India’s e-commerce market has witnessed a phenomenal growth in the past recent years and is still flourishing. Foreign Direct Investment in E-Commerce in India can lead to an influx of capital, further enhancing its growth potential.
India ranks among the best countries to invest in Retail space. Factors that make India so attractive include the second largest population in the world, a middle class of 600 million people, increasing .urbanisation, rising household incomes, connected rural consumers and increasing consumer spending. India has overtaken China to grab the top spot in A.T. Kearney's 2017 Global Retail Development Index. Retail is India's largest industry, currently accounting for over 10% of the country's GDP and 8% of total employment.
Recent policy changes allow 100% FDI in e-commerce under the automatic route for single-brand retail trading.
Contribution to India's GDP
Share in India's employment
Rise in consumption
Growth in organized retail
Rank #1 in Global Retail Development Index (GRDI) in 2017
Expected to have more internet users (approximately 650 million) than the entire population of six G7 countries by 2021
India to become the 3rd largest consumer economy by 2025 (consumption expenditure to increase 3 times to reach $4 trillion)
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