Insight ReportIndia Retail Insights: Key Takeaways for Retail from Union Budget 2023 Arun Sriram, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research March 13, 2023 Reasons to ReadIndia’s finance minister, Nirmala Sitharaman, presented the Union Budget—an annual financial statement about the estimated revenue and expenditure of the government for the upcoming fiscal year—in Parliament in February 2023. As part of our India Retail Insights series, we present highlights from the Union Budget for fiscal 2024, ending March 2024, and the implications for the country’s retail industry and associated sectors. Data in this report include: India’s GDP growth rate for fiscal 2015 through fiscal 2024 (estimated) Capital expenditure in India’s Union Budget for fiscal 2021 through fiscal 2024 (estimated) Estimated miles in India’s National Highway network for fiscal 2015 through fiscal 2025 (estimated) Other relevant research: India Retail Insights: The Open Network for Digital Commerce—Supporting Small Sellers and Curbing Digital Monopolies Retail 2023: 10 Trends in India Retail Market Outlook: India E-Commerce—Online Adoption Expands to the Hinterlands Key Festivals and Holidays for Promotional Campaigns in India in 2023: Calendar Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly US Store Openings and Closures Tracker 2025, Week 36: Bath & Body Works and Ollie’s Bargain Outlet To Open Additional StoresHoliday 2025: Navigating Social Commerce—Top Strategies for Maximizing Engagement This Holiday SeasonThe Agentic AI Playbook: How to Redefine Retail with Intelligent AutonomyFinancial Optimism Falls to Lowest Recorded Level: China Consumer Survey Insights
