No, any addition to the product/product categories to be sold under 'Single Brand' would require a fresh approval of the Government.
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The Retail market in India has undergone a major transformation and has witnessed tremendous growth in the last 10 years. The Overall Retail market is set to cross the $ 1.7 tn mark by 2020 from $795 bn in 2017. India’s e-commerce market is also set to grow at a CAGR of 30% for gross merchandise value to be worth $ 200 bn by 2026.
India ranks among the best countries to invest in Retail space. Factors that make India so attractive include the second largest population in the world, a middle class of 600 mn people, increasing .urbanisation, rising household incomes, connected rural consumers and increasing consumer spending.
Recent policy changes allow 100% FDI under the automatic route for single-brand retail trading.
For further details, please refer FDI Policy
Contribution to India's GDP
Share in India's employment
Rise in consumption
Growth in organized retail
India ranked No.2 in Global Retail Development Index (GRDI) in 2019
India to have more internet users (650 mn) than the entire population of six G7 countries by 2021
India to become third-largest consumer economy by 2025 (consumption expenditure to increase by a factor of 3 to reach $ 4 tn)
The Retail market in India is projected to reach $1.375 tn, while the Indian e-commerce industry is expected to cross 200 bn mark by 2026.
The E-commerce market in India is also set to grow at a CAGR of 30% for gross merchandise value to reach $200 bn by 2026, and have a market penetration of 12% compared to 2% currently.
India is largely an unorganized retail market, contributing 88% to the total retail sector in India. The organized retail market is currently valued at $60 bn, while the unorganized market holds the rest. The share of the organized retail market is projected to increase to 22-25% by 2021, thereby reducing the unorganized retail market’s share to 77%. The organized retail market, therefore, has the potential to reach approximately $140-160 bn.
3X rise in average household income to reach $18.4 mn in 2020
Online buyers to be 350 million by 2025 from existing 90 million, with digital spending Projected to increase more than tenfold to $550 bn & account for 35% of all retail sales by 2025
Rural per capita consumption will grow 4.3 times by 2030, compared to 3.5 times in urban areas
India will add nearly 90 million new households headed by millennials, who were born into liberalized India. The average age of the country by 2025 will be 29 with the world’s largest skilled manpower pool of 600 million+ by 2025.