2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.2 %
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8.8 %
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9.7 %
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12.5 %
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Detailed explanation-1: -India’s retail sector has expanded at a compound annual growth rate of 8.8 per cent between 2013 and 2015, with annual sales crossing the $1 trillion mark. India has also become the world’s fastest growing economy.
Detailed explanation-2: -A robust growth of online businesses has propelled the share of India’s organized retail to 18.5% of the total $836 billion annual retail market in 2022, according to a latest report.
Detailed explanation-3: -In 2021, the retail industry growth hit 12.1%, marking a massive rebound after it fell 2.8% in 2020, which experts attribute to a higher unwillingness by consumers to spend amid economic uncertainty.
Detailed explanation-4: -Retail Analytics Market Size [2021-2028] Exhibits 17.7% CAGR to Reach USD 18.33 Billion by 2028.
Detailed explanation-5: -The market after 2021 has been an eye-opening time for the Indian retail sector. The industry saw a decline of 8.5% in FY 2021, but it recovered in 2022 to reach $836 billion with 81.5% contribution from traditional retail. However, the COVID-19 disruptions led to a rapid increase in e-commerce and digital adoption.