India's retail market is expected to grow $1.4 trillion by 2026

Retail is one of the major drivers of the Indian economy. It accounted for 27% of the GDP in 2021, and almost half of the private consumption. While the GDP is expected to grow at approximately 10% annually till 2026, retail is expected to grow faster, at 11% annually, to become a more than US$1.4 trillion market by 2026.