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retail
The retail sector is expected to grow at a CAGR of 8% by 2027 (estimated), while e-commerce will have a CAGR of 24%. High e-tail potential over the next decade will be driven by the following factors:
• Large consumer market and one of the youngest
• Low data rates have significantly increased Internet and smartphone penetration
• Low unit price and steadily declining shipment unit price
Main issue
• Driving volume growth will be key across FMCG players as pressures on input costs show signs of easing
• Industry players should reframe their existing market strategies with a focus on the digital front end while evaluating which model best fits their business.
• Businesses need to build operating models that accommodate diverse consumer propositions.
• Must maintain competence in both physical and digital worlds
• Companies in this sector will need to innovate at scale and develop new ways of working to not only reduce their carbon and water footprints, but also to recycle and reuse packaging.
request from the industry
• Simplifying the rules governing retail operations across India to facilitate viable retail business growth
• Governments may consider expanding the scope of PLI to categories such as footwear and toys.
• Governments may consider streamlining individual tax rates to increase consumers’ disposable income.
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