Try our corporate solution for free!
(212) 419-8294
vianny.gutierrez-cruz@statista.com

Retail in India - statistics & facts

Despite the coronavirus pandemic in 2020, India’s retail market grew at 5.5 percent and therewith outnumbered all other global economies struggling in the face-off against the pandemic. With a contribution of around 10 percent to India’s GDP and a share in the employment of around eight percent, the retail sector is also domestically of high significance.

Retail categories

  Being a daily requirement, customers spend most at food and grocery retailers. Apparel and footwear as well as consumer and IT retailers are other significant players in India’s retail market. Major retail companies such as Mukesh Ambani’s Reliance Retail or Avenue Supermarts Limited’s D’Mart do not specialize but engage in various retail categories from apparel and footwear to groceries, and consumer electronics.

Highly competitive space

  Small retailers and so-called kirana stores have shaped India’s retail landscape. Located in narrow neighborhoods, on busy streets, and within the walls of gated communities, kirana stores attract customers through easy accessibility. Personal interactions with the shop-owners make them a social meeting spot. In contrast, the organized retail sector attracts through an air-cooled atmosphere and malls similar to amusement parks, giving customers an all-around experience along with the shopping thrill. Although the number of malls increased and is expected to rise further, emerging ghost-malls reflect the high competition from unorganized retail forms. In new openings, local stores still outnumber mid-size retailers, but their shares in new openings are on a rise.

The emergence of online retail

  Without being reliant on physical stores, India’s growing e-commerce sector has emerged as a market with huge potential. The coronavirus pandemic further pushed this development. With the onset of the nationwide lockdown at the end of March 2020, customers tended to stay in their homes, avoiding physical stores. Accordingly, more customers made use of online retailers. Nevertheless, an inclination to return to local stores after the pandemic remained. Therefore, India’s retail sector seems to remain a highly competitive market with a high potential to continue growing in the future.

Key figures

The most important key figures provide you with a compact summary of the topic of "Retail in India" and take you straight to the corresponding statistics.

Online retail

Retail space

Interesting statistics

In the following 6 chapters, you will quickly find the 34 most important statistics relating to "Retail in India".

Retail in India

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

Retail in India - statistics & facts

Despite the coronavirus pandemic in 2020, India’s retail market grew at 5.5 percent and therewith outnumbered all other global economies struggling in the face-off against the pandemic. With a contribution of around 10 percent to India’s GDP and a share in the employment of around eight percent, the retail sector is also domestically of high significance.

Retail categories

  Being a daily requirement, customers spend most at food and grocery retailers. Apparel and footwear as well as consumer and IT retailers are other significant players in India’s retail market. Major retail companies such as Mukesh Ambani’s Reliance Retail or Avenue Supermarts Limited’s D’Mart do not specialize but engage in various retail categories from apparel and footwear to groceries, and consumer electronics.

Highly competitive space

  Small retailers and so-called kirana stores have shaped India’s retail landscape. Located in narrow neighborhoods, on busy streets, and within the walls of gated communities, kirana stores attract customers through easy accessibility. Personal interactions with the shop-owners make them a social meeting spot. In contrast, the organized retail sector attracts through an air-cooled atmosphere and malls similar to amusement parks, giving customers an all-around experience along with the shopping thrill. Although the number of malls increased and is expected to rise further, emerging ghost-malls reflect the high competition from unorganized retail forms. In new openings, local stores still outnumber mid-size retailers, but their shares in new openings are on a rise.

The emergence of online retail

  Without being reliant on physical stores, India’s growing e-commerce sector has emerged as a market with huge potential. The coronavirus pandemic further pushed this development. With the onset of the nationwide lockdown at the end of March 2020, customers tended to stay in their homes, avoiding physical stores. Accordingly, more customers made use of online retailers. Nevertheless, an inclination to return to local stores after the pandemic remained. Therefore, India’s retail sector seems to remain a highly competitive market with a high potential to continue growing in the future.

Interesting statistics

In the following 6 chapters, you will quickly find the 34 most important statistics relating to "Retail in India".

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Vianny Gutierrez-Cruz
Vianny Gutierrez-Cruz
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Ziyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

Contact Kisara Mizuno
Kisara Mizuno
Customer Success Manager– Contact (Asia)

Mon - Fri, 9:30am - 5:30pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Catalina Rodriguez
Catalina Rodriguez
Key Account Manager - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)