New Delhi: India’s retail sector is projected to nearly double to USD 1.93 trillion by 2030, growing at a 10 per cent CAGR, with the momentum anchored by a deep home market that acts as a buffer against global trade volatility, according to a Deloitte-FICCI report. The country’s retail and consumer landscape is undergoing a transformation, powered by robust domestic consumption alongside a surge in digital adoption, premiumisation and the rapid rise of e-commerce across both urban and emerging markets, it said. As per the report titled ‘Spotting India’s PRIME Innovation Moment’, India’s retail sector was valued at USD 1.06 trillion in 2024, and the rising purchasing power, including Gen Z’s direct spending capacity of USD 250 billion, is not only sustaining domestic demand but also fuelling brand confidence to scale internationally.

Evolving Free Trade Agreements (FTAs) and tariff realignments are further enhancing India’s export competitiveness, allowing ‘Made in India’ products to........

© News9Live