RetailTrends

Global Brands and Retailers Are Expanding into India’s Lucrative Market

India’s retail sector is emerging as a lucrative market, attracting many global brands and retailers eager to expand their footprint. The Indian market is currently the

Published: May 31, 2024 9:45 AM

By RETAILBOSS Team

RetailTrends

Global Brands and Retailers Are Expanding into India’s Lucrative Market

India’s retail sector is emerging as a lucrative market, attracting many global brands and retailers eager to expand their footprint. The Indian market is currently the fourth largest in the world. As of 2022, its retail market size stood at an impressive INR 91,891 billion, contributing over 10% to the nation’s GDP. This growth trajectory is expected to continue, with projections indicating a CAGR of more than 13% by 2027.

Tier 2 cities are also witnessing increased discretionary spending and footfalls. Uniqlo opened its first store in Chandigarh, Tim Hortons entered Ludhiana, and Starbucks, Biba, and Shoppers Stop have expanded into Dehradun. Let’s dive into the latest trends shaping the future of retail in India and highlight the global brands set to debut in the country over the next two years.

Factors Driving Retail Growth in India

Several factors are influencing the growth of the retail sector in India. Infrastructure…

development, economic growth, and changing consumer demographics are key drivers. Additionally, strategic store locations, effective management, and competitive salaries for personnel are contributing to the sector’s expansion.

Recent trends highlight a surge in retail leasing activity, particularly in the fashion and apparel sectors, reflecting growing consumer confidence. Technological advancements and experiential retail are reshaping the landscape, offering personalized experiences and hassle-free services.

The rise of e-commerce and the increasing adoption of digital payment methods are also crucial. For instance, Aditya Birla Fashion and Retail Ltd (ABFRL) has partnered with Galeries Lafayette to open luxury departmental stores and a dedicated e-commerce platform.

10 Global Brands and Retailers Entering India India’s retail market attracts many international brands eager to tap into its vast consumer base…

Members-only article

Unlock the rest of this story

Join free to keep reading RetailBoss retail coverage, industry analysis, and market intelligence.

Full article access
Industry analysis
Free account

Company

Account name Used publicly if you comment. We encourage your real first name.

Password

Send me RetailBoss newsletter emails through Substack. I can unsubscribe anytime. Confirm that I want to create a free RetailBoss account.

Free access. No credit card required. Your account is created after you verify your email.

The Cult-Status Index: Top Fashion Brands with a Cult-Like Following

The Most-Searched Brands on Mytheresa So Far This Year

World’s Most Visited Fast Fashion Websites (Jan 2026)

Top 10 Luxury Fashion Resale Websites

Most Influential Luxury Maisons

Global Brands and Retailers Are Expanding into India’s Lucrative Market

India’s retail sector is emerging as a lucrative market, attracting many global brands and retailers eager to expand their footprint. The Indian market is currently the

Factors Driving Retail Growth in India

Unlock the rest of this story

More from Retail

Sephora Opens Its First Glasgow Store With 5,048 Sq. Ft. of Beauty Brands

Max Mara Brought Italian Fashion Across Two Floors in Hong Kong

Missoni Opens Its First Egypt and Africa Resort Club on the North Coast

FRAME Opens Its First Netherlands Boutique Across Three Levels in Amsterdam

Featured Events

LTKCon 2026

New York Fashion Week (September)

London Fashion Week (Autumn)

Milan Fashion Week: Women’s Spring Summer 2027

Recommended Articles

CHANEL Brings the French Riviera Mood to Nice Côte d’Azur Airport

On Opens its First Brazil Store With a 250 Sq. Metre Home at JK Iguatemi

Lacoste Turns The Fount Bar Into a Tennis Clubhouse at Selfridges London

ZEGNA Brings Italian Menswear and Oasi Inspired Design to Heathrow Terminal 5

Kate Spade New York Used Beet Pigeons and the Duo Bag to Make Hearts Skip a Beet

MANGO Reopens its Renovated Beachwalk Bali Store With a Refreshed Fashion Experience

Burberry Beauty Opens a New Fragrance and Make Up Destination at Shinsegae South City

Jo Malone London Turns a Compact Qingdao Boutique Into a Bold Fragrance Destination