India fastest growing retail market, to cross $1.4 trillion by 2027: Reliance

Reliance Industries' annual report highlights India's booming retail market set to surpass USD 1.4 trillion by 2027, with Reliance Retail at the forefront. The sector's growth is driven by urbanisation, rising incomes, and evolving consumer preferences. Reliance Retail, recording 1.2 billion customer transactions, faces challenges like limited real estate supply and manpower. The company's expansion includes a multi-channel distribution model and focus on building consumer brands.