The retail market size in India was expected to amount to 1.7 trillion U.S. dollars by 2026, up from 883 billion dollars in 2020. While an overall increase was noted up to 2019, 2020 marked a decrease due to the coronavirus pandemic. Nevertheless, the market is estimated to recover in 2021.
The Indian retail landscape
Despite the pandemic, India was among the few countries, showing growth in retail sales in 2020. Characterized by its unorganized retail primarily via kirana stores, the country underwent a process of change in retail forms, which is yet to pace down. The emergence of larger retail spaces such as malls and supermarkets, along with growth of online commerce drove change in the subcontinent’s retail landscape. Nevertheless, kirana stores continued to dominate Indian retail, adopting digitalization and collaboration with larger players in this sector as well.
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Deloitte, & India Brand Equity Foundation. (April 24, 2023). Retail market size across India from 2011 to 2020, with estimates until 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/935872/india-retail-market-size/
Deloitte, und India Brand Equity Foundation. "Retail market size across India from 2011 to 2020, with estimates until 2026 (in billion U.S. dollars)." Chart. April 24, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/935872/india-retail-market-size/
Deloitte, India Brand Equity Foundation. (2023). Retail market size across India from 2011 to 2020, with estimates until 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/935872/india-retail-market-size/
Deloitte, and India Brand Equity Foundation. "Retail Market Size across India from 2011 to 2020, with Estimates until 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 24 Apr 2023, https://www.statista.com/statistics/935872/india-retail-market-size/
Deloitte & India Brand Equity Foundation, Retail market size across India from 2011 to 2020, with estimates until 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/935872/india-retail-market-size/ (last visited July 27, 2024)
Retail market size across India from 2011 to 2020, with estimates until 2026 (in billion U.S. dollars) [Graph], Deloitte, & India Brand Equity Foundation, April 24, 2023. [Online]. Available: https://www.statista.com/statistics/935872/india-retail-market-size/