Urbanisation and Omnichannel Retail: Catalysts for India’s Home Market Growth
Wednesday, 18 September 2024, 07:54
Key Drivers of Growth in India’s Home Market
Urbanisation and omnichannel retail are crucial in shaping the future of India’s home and household market, projected to reach $237 billion by 2030. The real estate sector is expected to experience a remarkable growth rate of 25% CAGR, resulting in an overall valuation of $1 trillion by FY29.
Impact of Hybrid Work Culture
The hybrid work culture is significantly influencing the demand for home renovations and makeovers as professionals seek to create comfortable and functional workspaces at home.
Key Insights from the Deloitte Report
- Rapid urbanisation is reshaping living patterns.
- Omnichannel retailing enhances accessibility to home goods.
- Real estate investment is shifting due to changing consumer preferences.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.