Since 2019, India aspires to become the third-largest economy in the world to become a $5 Trillion economy. The country expected to achieve this landmark by FY21, but with Covid-19, GST, Demonetization impact, and other hindrances, this target looks to be postponed. Now, IMF has come up with its expectation of the possible time frame that India might take to become a $5 trillion economy. Further, the Indian retail industry is one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10% of the country’s gross domestic product (GDP) and around 8% of the employment. India currently is the 4th Largest retail market in the world and it is a combination of the organized and unorganized markets with the dominance of the unorganized market at around 75%. Recently BCG-RAI has launched a report showcasing the potential growth of the retail sector in the next 10 years. So, let’s discuss this in brief in this article as we move ahead.
When will the Indian Economy reach the $5 Trillion mark:
India’s Retail Sector:
What should Investors do?
The retail sector in India is growing faster and it's the potential to grow most in the organized sector. After the pandemic the retail sector has seen immense growth, the Investor can consider retail sectors stocks with full discipline and have a staggered manner of investing.
Disclaimer: The information here is provided for reference purposes only and should not be misconstrued as investment advice. Under no circumstances does this information represent are commendation to buy or sell stocks or MF.
Originally Published On:https://blog.investyadnya.in/indias-gdp-to-hit-5-trillion-by-fy29-which-sector-to-look-for-the-next-10-years%ef%bf%bc/