CII, in association with their Knowledge Partner, Wazir Advisors released a publication titled “The Indian Retail Medley” against the backdrop of the conference on “Retail 2015: Changing Face of Retail – Decoding the Future” organized by CII on 15 May, 2015 at New Delhi.
The report dwells upon the coexistence and growth of unorganized, organized and online retail in the Indian retail ecosystem. It is brought out that the Indian retail market is expected to grow from about USD 550 Bn in 2015 to an estimated USD 2100 Bn by 2025, an almost four fold growth over a decade. Within the same period, organized retail is expected to grow seven fold and online retail, a mind boggling 26 folds, while the unorganized retail is expected to grow at a healthy 13% per annum, and continue leading the market with 79-80% share, even by 2025.
The document further highlights that the retail sector will get a transformational push with an aggressive collaboration between the organized, unorganized and online retail growth, driven by India’s demographics with huge young and tech savvy population (500 million below 25 years), rising incomes and demand levels, urbanisation, attitudinal shifts and above all, a continuous rise in internet penetration across the country with the government’s commitment to digitization.
Key Content: Landscaping the Retail Play; Co-existence of Unorganized, Organized and Online Retailers & Organized and Online Retail as a Growth Platform for Unorganized Players.