Reliance Industries’ latest report reveals India’s retail market is set to exceed USD 1.4 trillion by 2027, becoming the third-largest retail market by 2030. Growth is driven by urbanization, rising incomes, an expanding female workforce, and increased demand for premium products. Reliance Retail, India’s top retailer, achieved over Rs 3 lakh crore in revenue for FY24 and recorded 1.2 billion transactions. Despite challenges like limited real estate and workforce shortages, Reliance’s multi-channel approach and strategic investments continue to bolster its market presence. This growth is crucial for investors in the retail sector.
