India’s retailmarket is expected t? gr?w at a C?mp?und Annual Gr?wth Rate (CAGR) ?f 10 percent t? US$ 1.6 trilli?n by 2026 fr?m US$ 672 billi?n in 2017. While the ?verallretail market is expected t? gr?w at 12 per cent per annum, m?dern trade w?uldexpand twice as fast at 20 per cent per annum and traditi?nal trade at 10 percent. Indian retail market is divided int? “?rganised Retail Market” which isvalued at $60 billi?n which is ?nly 8 per cent ?f the t?tal sect?r and “Un?rganisedRetail Market c?nstitutes the rest 92 per cent ?f the sect?r.India’s Business t?Business (B2B) e-c?mmerce market is expected t? reach US$ 700 billi?n by 2020. ?nlineretail is expected t? be at par with the physical st?res in the next fiveyears.India’s t?tal p?tential?f Business t? C?nsumer (B2C) is estimated t? be US$ 26 billi?n, ?f which $3billi?n can be achieved in the next three years fr?m 16 pr?duct categ?ries, acc?rdingt? a study by Federati?n ?f Indian Chambers ?f C?mmerce and Industry(FICCI) and Indian Institute ?f F?reign Trade (IIFT).India has replacedChina as the m?st pr?mising markets f?r retail expansi?n, supp?rted by expandingec?n?my, c?upled with b??ming c?nsumpti?n rates, urbanizing p?pulati?n and gr?wingmiddle class.
India is expected t?bec?me the w?rld’s fastest gr?wing e-c?mmerce market, driven by r?bustinvestment in the sect?r and rapid increase in the number ?f internet users.Vari?us agencies have high expectati?ns ab?ut gr?wth ?f Indian e-c?mmercemarkets. Indian e-c?mmerce sales are expected t? reach US$ 120 billi?n by 2020fr?m US$ 30 billi?n in FY2016.
Further, India’s e-c?mmerce market is expected t?reach US$ 220 billi?n in terms ?f gr?ss merchandise value (GMV) and 530 milli?nsh?ppers by 2025, led by faster speeds ?n reliable telec?m netw?rks, faster ad?pti?n?f ?nline services and better variety as well as c?nvenience.India’s directselling industry is expected t? reach a size ?f Rs 23,654 cr?re (US$ 3.54 billi?n)by FY2019-20, as per a j?int rep?rt by India Direct Selling Ass?ciati?n (IDSA)and PHD.Indian exp?rts ?f l?cally made retail and lifestyle pr?ducts grew at a CAGR ?f10 per cent fr?m 2013 t? 2016.The size ?f m?dernretail in India is expected t? d?uble t? Rs 171,800 cr?re (US$ 25.7 billi?n) fr?mRs 87,100 cr?re (US$ 13 billi?n) in three years driven by ?mni-channel retail.