Organised retail set to reach $230 billion by 2030: Deloitte-RAI report
organised retail sector in India is growing at a rapid pace and is projected to reach USD 230 billion by 2030 on account of increasing disposable incomes and evolving consumer preferences, a Deloitte-RAI report said on Thursday. It said that the organised retail in the country is growing at a compound annual growth rate of 10 per cent.
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«It is expected to reach USD 230 billion by 2030,» it added.
The report said that key trends and forces driving India's consumption include a rising income level, emerging influence of GenZ consumers, easy access to credit and a shift towards organised retail.
The expansion of credit access, it said, has democratised consumption, enabling a larger demographics to participate in the discretionary spending boom.
«This financial inclusivity is transforming the retail landscape in the country with a noticeable shift towards organised retail,» it said, adding the private consumption has surged from USD 1 trillion in 2013 to USD 2.1 trillion in 2024, outpacing the US, China and Germany.
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