Retail 2024: 10 Trends in India Retail

What's Inside

The Coresight Research Retail 2024 series of reports looks ahead to the prospects for retail in 2024, exploring key trends by geography (namely, the US, the UK, China and India) and sector. We will also discuss trends in healthcare and technology.

In this report, we present 10 trends that will influence India’s retail sector in 2024 and beyond, helping brands and retailers capitalize on key opportunities amid the highly fragmented and rapidly changing sector.

Data in this research report include:

• GMV of e-commerce sales during the Indian festive season (October and November) and year-over-year growth, 2019–2023E
• The number of Indian millionaires expected by 2026
• The share of Indian consumers that engaged in metaverse-related activities in the past six months
• Survey data on the reasons companies in India are deploying new technologies and the premium Indian consumers are willing to spend on sustainable products

Companies mentioned in this report include: Amazon, Balenciaga SA, Chumbak, Flipkart, Galeries Lafayette, GOAT Brand Labs, Jack & Jones, Reliance Retail

Other relevant research:

• India’s Post-Pandemic Retail Revival: Five Key Trends Signaling the Brick-and-Mortar Comeback
• Market Outlook: India E-Commerce—Online Adoption Expands to the Hinterlands
• Key Festivals and Holidays for Promotional Campaigns in India in 2024: Calendar
• Retail 2024 Sector Outlooks: Ebook