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Shrugging off past disruptions, the Indian retail industry is gearing up for 2026 with a solid foundation and is expected to see better margins, driven by a shift in demand from major metros to Tier II and III cities, all while maintaining its position as the world's third-largest retail market. The Indian retail industry, valued at approximately USD 1.1 trillion, is marked by rapid digital integration, expansion into smaller towns, and significant mall development, driven by strong domestic demand, tech-led disruption, and rising consumer expectations for quality and value. With policy interventions such as GST reforms and income tax relief, coupled with a good monsoon and higher Minimum Support Prices (MSP), the industry anticipates a silver lining in consumer demand. Moreover, the rise of the value retail boom and premiumisation, is expected to usher in a year of accelerated growth. However, the industry faces challenges such as growing rentals, fierce competition across digital
BFSI, retail and manufacturing to drive the US-based IT firm Salesforce's growth in India over the next three years, a top executive of the company said. "The three-year agenda remains more or less the same. We still see a lot of growth coming out of the BFSI sector and retail sector. We see plenty of growth in manufacturing, travel, tourism, hotels and healthcare. So many of these sectors are showing pretty steady and good growth," Salesforce South Asia CEO Arundhati Bhattacharya told PTI. "Even smaller sectors, like real estate and education are showing pretty good growth. So in India, I would say that the growth remains pretty consistent in the areas that we have been in, and we continue to see momentum over there. With the newer kinds of technologies that are coming in, there is a lot of openness as to how it should be developed, or how it should be absorbed," she said. The global customer relationship management (CRM) technology solutions giant Salesforce expects its revenues t
IPO-bound e-b2b platform udaan on Friday announced the acquisition of retail-tech startup ShopKirana in an all-stock deal, marking a strategic consolidation in the domestic eB2B space. The acquisition will complement the platform's leadership across core categories, including staples, FMCG and hotel, restaurant, and catering (HoReCa), udaan said. Founded in 2015, ShopKirana enables kirana stores through digital procurement, transparent pricing, and efficient last-mile delivery. With a strong footprint in tier-2 and tier-3 cities such as Indore, Bhopal, Lucknow, Agra, Surat, and Meerut, ShopKirana complements udaan's national market presence, further strengthening the unified entity as the platform of choice for kiranas and brands across Bharat, it said. The acquisition also reinforces udaan's strategy of driving profitable growth through deeper market penetration, operational efficiency, and broader geographic reach, the company stated. By integrating ShopKirana's deep retailer ..