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India retail: A nearly $900 billion market dominated by mom-and-pop stores

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

Topics
India's retail market | Supermarket | Indian retail industry

Reuters  |  MUMBAI 

India's expanding retail landscape is changing fast, 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 and ordering online. Data from Forrester Research shows India's retail market was worth an estimated $883 billion last year, of which grocery retail accounted for $608 billion. By 2024, the market is expected to grow to $1.3 trillion. India - population 1.3 billion - has over the years become a sought-after retail destination with a growing base of young and ...

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First Published: Mon, March 22 2021. 09:33 IST
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