Indian retail market is projected to reach $2 tn by 2032
Largest growing sector in India
in Global Retail Development Index (GRDI) in 2019.
largest global destination in terms of retail space.
Expected to touch in GMV by 2030
growth in India’s retail market by 2022, on the back of rising affordability, improving awareness and digital connectivity.
growing e-commerce market, driven by strong foreign investment in the sector and fast expansion of internet user base in India.
luxury retail market in India is steadily growing owing to rising disposable income and increasing investment by foreign brands.
FDI in the e-commerce marketplace model has led to considerable investments by the likes of Amazon, Walmart, and SoftBank.
Activity in the retail and e-commerce space has driven India's micro, small and medium enterprises with exposure to new markets.
With a view to provide greater flexibility and ease of operations to SBRT entities, it has been decided that all procurements made from India by the SBRT entity for that single brand shall be counted towards local sourcing, irrespective of whether the goods procured are sold in India or exported.
In respect of proposals involving foreign investment beyond 51%, sourcing of 30%. of the value of goods procured, shall be done from India, preferably from MSMEs, village and cottage industries, artisans and craftsmen, in all sectors.
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India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments
US-based Walmart has acquired Flipkart, an Indian ecommerce firm, for US$16b
Amazon.com has invested around US$4b in its Indian retail operations.
France's Total to set up India-wide retail network of 1,500 gas stations.
Berkshire Hathaway has invested US$350m in Paytm-promoter One97.
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments
India’s retail market size is expected to reach US$ 2 …Read More
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