Indian Retail Market (having a size of $777B) is primarily dominated by traditional unorganized retailers. Over the past few years with the advent of digitalization, the organized retail has been picking up the pace. Of the overall industry, only 10% is organized till date but space is growing at a CAGR of ~19%.
The unorganised retail in India is touted to be the most popular purchase destination, catering to the country’s 1.3 billion population. As per an industry report, the market size of unorganised retail was a whopping $697.71 billion in 2018, whearas the size of organised retail stood at $ 79.43 billion.
Undoubtedly, unorganised retail has a humongous opportunity, which is largely untapped.