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India's Retail Evolution

20232030

$1.2 Trillion (2023)

$2.2 Trillion by 2030

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92% Market share but facing Q-commerce competition.

Growth Drivers:

Urbanization: 600M+ urban population by 2030
750M+ smartphone users driving digital shopping
Rising incomes fueling demand for convenience
Government initiatives like ONDC empowering small retailers

Retail Transformation:

From traditional stores → e-commerce → Q-commerce
Sub-hour deliveries reshaping consumer habits
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