India’s retail market to exceed 0 billion by 2030: Redseer

India’s retail sector is projected to surpass $600 billion by 2030, driven by supply and distribution transformation, according to a report by Redseer.

Despite this rapid growth, the supply landscape remains highly fragmented and is expected to remain so in the long term. Regional and unbranded brands are projected to account for over 70 per cent of the market by the end of the decade, the report highlighted.

While essential categories will continue to dominate consumer spending, the next wave of growth is expected to come from discretionary spending.

General trade continues to dominate

Even as online marketplaces expand aggressively, general trade continues to thrive, due to its accessibility, ability to enable small transactions, and deep integration with local supply chains, observed Redseer.

Meanwhile, both offline and online organised retailers are addressing through better sourcing strategies, advanced technology adoption, and infrastructure improvements. These innovations are projected to drive organised retail’s growth, allowing it to capture over 35 per cent of the total retail market by 2030, it noted.