E-tailing sector in India projected to grow at 18% by 2028-29: Report

The e-tail sector in India, expected to reach nearly USD 60 billion by the financial year 2023-24, is projected to grow at a CAGR of 18 per cent by 2028-29, according to a report by Knight Frank India. The report highlights the rapid growth of the Indian retail industry, accounting for 10 per cent of the country's GDP and 8 per cent of the workforce, with significant developments in shopping centers and retail destinations, particularly in Tier 2 cities. Despite disruptions during the pandemic, the retail industry is rebounding strongly.