India’s retail market is projected to post a 9.1-per cent CAGR until FY27, the highest amongst large economies, while the country’s e-commerce market is projected to hit $325 billion by 2030 at a CAGR of 21 per cent, says a joint report by Deloitte and FICCI.
The expansion in the e-commerce market is driven by increased spending from affluent and middle-class households.