Tracking Investments In The Indian Retail And Real Estate Sector

India’s rapid urbanisation and the structural shift in processes and reforms have given a strong fillip to growth in the country. While the country still deals with unequal growth in urban and rural areas, the overall increase in spending power and rising aspirations of its large middle-class population has spurred a retail revolution of sorts.

- Anshul Jain

The superlative growth in the retail sector in India is anode to the country’s domestic consumption strength.

With a 1.3 billion population, we are the world’s second-biggest market for everything under the sun. Having transcended the so-called “Hindu rate of growth” till 1990, liberalization virtually opened the doors of the country. In the years to follow, through ups and downs, the country has remained on a steady growth curve and a stable and proactive regime at the centre has lorded over a period when India has been the fastest-growing country globally for the past year or so. Interestingly, India is poised to grow at a similar scorching pace of over 7 percent in terms of GDP when the global GDP growth is pegged at just 3.9 percent.

India’s rapid urbanization and the structural shift in processes and reforms have given a strong fillip to growth in the country.

While the country still deals with unequal growth in urban and rural areas, the overall increase in spending power and rising aspirations of its large middle-class population has spurred a retail revolution of sorts. India’s growing middle class which now constitutes about 50 percent of the total population, its young demographic with over 58 percent of the population in the 15-54 years age bracket and a median age of 29 years along with growing prosperity and a corresponding increase in aspirational consumption has caused a retail revolution in the country.