Anchored by a deep home market which can act as a buffer against global trade volatility, the Indian retail sector is projected to nearly double to $1.93 trillion by 2030 from $1.06 trillion in 2024, growing at a compound annual growth rate (CAGR) of 10 per cent, according to a Deloitte–FICCI report issued on Wednesday.
Moreover, evolving Free Trade Agreements (FTAs) and tariff realignments are further enhancing India’s export competitiveness, allowing ‘Made in India’ products to reach new markets with reduced barriers and cost advantages, the report pointed out.
