India’s retail market is estimated to reach $1.1-1.3 trillion by 2025, from $0.7 trillion in 2019, growing at a compound annual growth rate or CAGR of 9-11%, driven by factors such as urbanisation, income growth and rise in nuclear families. According to a new report by Boston Consulting Group, India's consumption is likely to outperform that of developed countries like the US and UK that will only grow at a CAGR of 3.6% and 4.5%, respectively.
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