Reasons to Read

We present 10 trends that will influence India’s retail sector in 2023 and beyond, helping brands and retailers capitalize on key opportunities in the sector. This report is part of our Retail 2023 series of outlook reports, offering directional outlooks, headwinds and tailwinds, and themes to watch for 2023 and beyond in global retail.

Data in this report include:

• Overall consumer spending in India and its year-over-year change
• Apparel spending in India and its year-over-year change
• The amount of new retail space opened by various Indian companies since fiscal 2018
• How much India’s festival season (October) generated in sales in 2022
• The number of weddings taking place during India’s current wedding season and its value to overall apparel spending

Companies mentioned in this report include: Adidas, Amazon, Reliance Retail, Tata Group and Walmart

Other relevant research:

• Market Outlook: India Retail—On the Path to $1 Trillion, Supported by Demographics and Digital
• Market Outlook: Grocery Retail in India—Growth Led by Convenience and Wellness
• India Retail Insights: The Open Network for Digital Commerce—Supporting Small Sellers and Curbing Digital Monopolies
• More Coresight Research coverage of India retail