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Retail

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India’s retail sector is one of the fastest-growing in the world, fueled by rising disposable incomes, urbanization, e-commerce expansion, and evolving consumer preferences. Organized retail, omni-channel models, and technology-led innovations such as digital payments, AI-driven analytics, and supply chain automation are reshaping the landscape. Government initiatives like FDI in retail and the National Retail Policy are further enhancing growth and investment opportunities.

At Baker Tilly ASA India, we support retailers, e-commerce platforms, consumer goods companies, and supply chain operators with financial, regulatory, and strategic advisory. Our multidisciplinary team helps clients optimize operations, navigate regulatory frameworks, and leverage technology to enhance customer engagement and profitability.

Our services include:

  • Accounting and compliance outsourcing for multi-channel retail operations
  • Financial forecasting and modeling for expansion and profitability
  • Tax and GST structuring improving supply chain efficiency
  • CERT-In cybersecurity audits ensuring secure customer and payment data
  • Risk and internal control reviews improving vendor and franchise governance
  • Cash flow and working capital management ensuring liquidity
  • Process optimization and cost analytics supporting competitive growth
  • ERP and automation enabling real-time reporting and control
Industry overview

Industry Size

India’s retail market was valued at USD 993.1 billion in 2024, with projections to reach USD 3,434.1 billion by 2033, growing at a CAGR of 13.21%

Export Contribution

India's overall exports reached a record US$ 824.9 billion in FY 2024–25, driven by strong performances in sectors like textiles, apparel, and electronics.

Growth Potential

The retail sector is anticipated to grow at a CAGR of over 13% between 2025 and 2033, reaching US$ 3.4 trillion by 2033.

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