Retail sales in India will hit half of nation’s GDP this year; key factors behind the revolution

With 15% compound annual growth, India’s retail market is expected to hit $1.25 TRILLION this year!

Total retail sales in India are set to hit $1.25 trillion by the end of this year — more than half of the country’s GDP of $2.3 trillion — as an increasingly digital nation spur people to shop more and more online, a study said. The retail sales in India are growing at a compounded annual rate of 15% since the year 2014, an Assocham-Resurgent India joint study said. “The total retail sales in India will likely to increase from the $717.73 billion during CY 2014 to touch $1,244.58 billion by 2018…,” the study said.

Read More »