Indian retail market is one of the fastest-growing across the world and is the fifth largest retail destination globally. The factors attributed to the growth are economic growth, increasing consumerism and growing disposable income. The industry is expected to grow exponentially to reach USD 1,200 billion by 2021 and USD 1,750 billion by 2026. The growth is expected to be not only witnessed by large cities and metro but also Tier 2 and Tier 3 cities, as per an October 2019 report by FICCI and Deloitte.