The pandemic’s aftermath has caused the retail sector worldwide to expand exponentially in order to meet the increased demand. This is primarily because of things like shifting consumer habits and behaviour, the emergence of digital retailing platforms, etc. Globally, the largest retailers are capitalising on this boom and fiercely competing with each other for increased market share and growth.
Both global and local businesses want to enter the Indian retail market to capitalise on the sector’s exponential expansion potential. The retail sector in India is expected to expand at a compound annual growth rate (CAGR) of 9% from 2019 to 2030, from US$ 779 billion in 2019 to US$ 1,407 billion by 2026. It is clear that taking a piece of the Indian retail industry would allow international retailers to develop significantly in the years to come.
https://rebliss.in/blog/blog-detail/entry-and-growth-strategies-for-retail-businesses-in-india