ISO 9001:2015 Certified
closex Call Us 11-23320714, 23721504,

 Upcoming Event
to forge a partnership on Technology Commercialization Initiative, FICCI-AMITY and IC2 Institute University

Retail sector set to reach USD 1750 bn. by 2026: FICCI-Deloitte report , Oct 10, 2018

The FICCI- Deloitte report, 'Consumer LEADS' states that India is one of the fastest growing major economy in the world, leading to a high growth consumer and retail market - thus presenting massive investment and business opportunities in the retail space. The Indian retail sector is expected to reach at USD 1,750 billion by 2026 with a CAGR of 7.8%. E-commerce is expected to grow rapidly in India, one of the fastest in Asia as well as globally, at a CAGR of over 30% in the period 2016-21. Also, while unorganized format dominates the retail market, share of organized segment is rapidly growing. Further, food & grocery is the major segment, accounting for 65% of retail market.

Additionally, the report reveals that emerging fields in the technology sector ranging from precision farming to data analytics have the potential to increase the efficiency of businesses significantly, providing more opportunities for the FMCG, retail and e commerce sectors. The report presents interesting company case studies including discussions with senior stakeholders of the FMCG, retail and e commerce sectors in India, thus offering a comprehensive view of the opportunities and issues in the sectors.

"Healthy growth of the Indian economy (real GDP growth rate of over 7% estimated for 2018) coupled with favourable demographic factors in the country are expected to drive growth in the retail, CPG and e-commerce industries. While the retail industry is forecasted to grow at a CAGR of over 10% in the four-year period from USD 795 billion in 2017 to reach USD 1,200 billion by 2021, the e-commerce market is predicted to increase by over 30% over the same period to reach USD 84 billion in 2021 from current USD 24 billion. In terms of upcoming trends, personalised offerings and bespoke solutions will be seen as the major priority by consumer brands. Consumers are expected to leverage technology to indulge in two-way communication with brands leading to the emergence of a new front of consumer-to-business (C2B) market model, where brands develop new products taking cues from consumers? demands," said Mr. Rajat wahi, Partner, Deloitte

The report outlines a holistic roadmap for industry covering strategy, operations, organisation, processes and systems. Through this approach consumers can fully leverage the potential of the all the contemporary channels accessible in their interface with business.



Also Read

Win consumers' trust, uphold their rights through legible product labelling in Hindi and regional languages: Ram Vilas Paswan

Paswan asks FMCG firms to use Hindi, regional languages on products     

FMCG companies should label products in local languages: Ram Vilas Paswaan     

Paswan wants FMCG firms to 'voluntarily' label products in local languages     

Ram Vilas Paswan asks FMCG companies to adopt labelling in local languages     

FMCG industry must adopt labelling in Hindi, regional languages: Paswan     

India to be a key market for PepsiCo: country CEO     

Paswan asks FMCG companies to adopt labelling in local languages     

Print labels in local languages: Paswan to FMCGs     

Ram Vilas Paswan asks FMCG companies to adopt labelling in local languages     

Paswan asks FMCG companies to adopt labelling in local languages     

Write name of Products in Regional Languages too: Minister to Companies     

Ram Vilas Paswan: FMCG Should use Hindi, Regional Languages on Products     

Paswan asks FMCG cos to adopt labelling in local languages     

Paswan asks FMCG cos to adopt labelling in local languages     

Consumer Affairs Minister urges companies to use Hindi, regional languages for labelling     

FMCG should use Hindi, regional languages on products : Ram Vilas Paswan     

E-commerce to grow at CAGR of 30% during 2016-21     

Paswan emphasises on building consumers’ trust in FMCG & Retail     

The Takeaways from the FICCI organised Massmerize 2018     

Retail sector set to touch $1,750bn by 2026, says FICCI-Deloitte report     

How Walmart India is banking on private labels?