1. With a population of more than a billion of which 33.2% reside in urban areas, the Indian market provides a wide customer base and is poised to be the 3rd largest consumer market by 2025.
  2. India ranked 2nd among all emerging markets on A.T. Kearney’s FDI Confidence Index 2018, and was one of the top choices for expansion among retailers in emerging APAC economies*.
  3. Since 2016, almost USD 1 billion has been invested in retail real estate by institutional/PE investors; top four investors have cumulatively acquired more than 14 million sq. ft. of retail space.
  4. Relaxation in FDI norms have also resulted in greater investment commitment by brands; H&M, IKEA, Decathalon, Miniso operate under the 100% ownership route.
  5. While investment norms have been relaxed; further support is needed via relaxations for multi-brand retail and import duties to ensure a level playing field.
  6. Concerted efforts are also required to address challenges to growth such as inadequate quality retail real estate space and infrastructure hurdles.

* CBRE’s ‘How Active are Retailers in APAC?”, 2017