Budget 2023-24 wishlist: Here are the key challenges in retail sector

Retail

While the retail sector is expected to grow at 8 per cent CAGR by 2027 (estimates), growth CAGR for e-commerce will be at 24 per cent. High e-tail potential over the next decade is driven by following factors:

• Large consumer markets and one of the youngest demographics

• Large and growing internet and smartphone penetration enabled by low data prices

• Low and steadily declining unit shipment costs

 

Key challenges

• With input cost pressures showing signs of moderation, driving volume uptick will become key across FMCG players

• Industry