Racing Towards the Next Wave of Retail in India
Detailing the opportunities for retail in India as well as innovative practices adopted by retailers globally, BCG in association with Retailers Association of India (RAI), has released its annual flagship report of the retail industry. The report forecasts that India’s retail industry is on a robust path to recovery and despite unprecedented challenges, will continue to grow at close to 10% CAGR to reach approximately $2 trillion in the next decade.
The report recommends critical imperatives that retailers in India need to undertake in order to generate sustainable and profitable growth. The report also lays out several factors that will influence the shape of retail in India – including those that have the potential to truly disrupt the Indian retail landscape and influence the choices that retailers need to make in order to ‘win’ in the future of retail.