India?s US$1.06 trillion retail sector likely to reach $1.93 trillion by 2030

Annpurna Devi, Minister of Women Development & Child Development, Govt of India has stated that we are witnessing the growth in Indian economy through various government policies and initiatives aimed at achieving the vision of Viksit Bharat. This ranges from mobile to automobiles, ships to semiconductor chips. Our aim now is now just on Make in India but on Make for the World,” she added.

Addressing the FICCI MASSMERIZE 2025, Ms Devi while speaking on the digital innovation stated that as per IMF report, India’s UPI has now become world’s first real time payment system with 7 countries already adopting it. FICCI-Deloitte Report – ‘Spotting India’s PRIME innovation moment’ was released during the event. It noted that India’s US$1.06 trillion retail sector set to reach $1.93 trillion by 2030.

Online retail in India will grow from US$75 billion in 2024 to US$260 billion by 2030, expanding its share from 7 per cent to 14 per cent of total retail. Gen Z will account for 43 per cent of India’s total consumption in 2025, with a direct spending power of US$250 billion. Tier II and III cities now account for over 60 per cent of all e commerce transactions in India. Quick commerce in India, already operating in 80+ cities, is growing at 70–80 per cent CAGR, which is the fastest in the world.

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