India’s retail industry is expected to grow at a tremendous rate in the next few years. By 2026, it is projected to reach US$ 1,410 billion. This growth presents a stellar opportunity for businesses to expand their operations in India and tap into this growing market. And Global Digital Transformation Market in Retail is expected to reach USD 389.72 billion by 2026.
According to the above statistics, there has been a significant rise in technological advancements, and retailers are now adapting by relying more on digital platforms to sell their products. Brands have started taking note of digitalization trends, such as AI and AR, to enhance user engagement.
The retail industry in India is very dynamic. New products and sellers are coming into the market all the time.