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India's retail market forecast to exceed ₹190 lakh crore by 2034, driven by a growing middle class and digital trends.
A report by the Boston Consulting Group and the Retailers Association of India projects that India's retail market will reach over ₹190 lakh crore by 2034, growing at an annual rate of 9%.
This growth is fueled by a rising middle class, more affluent households, and the digital preferences of younger consumers.
To succeed, retailers must adapt to diverse consumer needs, balancing aspirational products with affordability, and leveraging both online and offline channels.
2 months ago
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