India’s transforming retail landscape

Published on November 28, 2023

India’s economy will be one of the fastest growing consumer markets in the next decade due to its robust domestic demand, global competitiveness, and advanced infrastructure.

Five key factors contribute to this phenomenal growth:

1. The Indian economy is projected to increase by over 7% this year.

This will make it the fifth largest economy in the world. IMF estimates India’s GDP for 2023 to be about 3.74 trillion USD. It is the world’s third-largest economy, following the US and China. 

2. Disposable income is expected to rise.

This is expected to lead to a rise in household spending, which will…

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