Budget 2023-24 wishlist: Here are the key challenges in retail sector

Large consumer markets and one of the youngest demographics

Amazon-backed grocer More Retail weighing India IPO at $5-bn valuation
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Business Standard
Retail

While the retail sector is expected to grow at 8 per cent CAGR by 2027 (estimates), growth CAGR for e-commerce will be at 24 per cent. High e-tail potential over the next decade is driven by following factors:
• Large consumer markets and one of the youngest demographics
• Large and growing internet and smartphone penetration enabled by low data prices
• Low and steadily declining unit shipment costs

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First Published: Jan 28 2023 | 12:31 AM IST

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