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India’s Electronics Production Hits ₹11 Lakh Crore; Exports Top ₹3.25 Lakh Crore | N18V​

India's electronics production has surpassed ₹11 lakh crore, with exports exceeding ₹3.25 lakh crore, driven by strong growth in smartphone manufacturing and government initiatives like the PLI scheme#indiaelectronics

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Discretionary spending set to drive India’s retail market; to hit $1.6 trillion by 2030​

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discretionary spending set to drive india’s retail market; to hit $1.6 trillion by 2030
Retail Market In India: India’s retail sector is projected to reach USD 1.6 trillion by 2030, according to a recent report by Redseer Strategy Consultants. The report said that while essential goods will continue to form the bulk of consumer spending, the next phase of expansion is expected to be driven by discretionary purchases.


As one of the fastest-growing retail destinations in the world, India is currently witnessing a shift in demand which is driven by a young population, rising disposable incomes and a booming digital ecosystem. The surge in organised retail formats, ranging from luxury malls to hyperlocal high streets, is transforming how consumers engage with brands. However, despite this promising outlook, the supply issue remains a matter of concern. Smaller, regional and unbranded players are expected to make up majority of the retail market.

Convenience, Digital Integration At Core Of Growth​

Harinder Singh Hora, founder chairman, Reach Group, said that retail in India is evolving at two distinct paces. In Tier 1 cities, it has become part of a larger, integrated urban lifestyle, blending with office, hospitality and residential spaces. Today's consumers are seeking more than just shopping. They want convenience, digital integration and lifestyle alignment.


Related video: How India Plans To Dominate Global Trade By 2047 | Piyush Goyal’s Vision (Business Today)

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"In Tier 2 cities, customers are on the cusp of transformation. The growing demand for organised retail, driven by increasing incomes, signals a shift from traditional markets to more structured formats. While Tier 1 leads with innovation, Tier 2 markets offer amply opportunities to grow," he said.

Global Brands Building Presence​

Cities like Delhi-NCR are rapidly redefining the contours of urban consumption. The national capital's diverse demographics and robust infrastructure make it a magnet for both domestic and international retail brands. Prakash Mehta, chairman and MD, Ocus Groupsays, said that Delhi's satellite towns like Gurugram and Noida have emerged as epicenters of retail reinvention.



“India’s retail sector is undergoing a phase of accelerated growth, driven by rising consumer aspirations, shifting shopping behaviours and aggressive brand expansion. High-street retail is further strengthening growth, supported by investor sentiment and strong leasing activity," he said, adding that Gurugram is emerging as a retail hotspot and micro-markets like Dwarka Expressway are gaining momentum. "As global brands deepen their presence, we believe that the demand for premium retail spaces will only increase, offering immersive experiences and community-centric environments."

Hybrid Retail Spaces​

“Retail today is not transactional instead transformational. Especially in cities like Delhi-NCR, which have become hubs of global brands, people don’t just step out to buy things; they expect more than just shelves and stores. Developers are leaning into that shift and projects are designed accordingly to meet the demands. A new wave of retail is emerging in India, blending local flavour with global appeal. Hybrid retail spaces are becoming the new norm," Siddharth Katyal, CEO, Bhumika Group, said.


Ashwani Kumar of Pyramid Infratech, said that the rise of the high street is reshaping the retail landscape. Well-designed high-street developments are flourishing in emerging corridors like Dwarka Expressway and Southern Peripheral Road, where accessibility and a smart tenant mix are driving footfall. These retail zones offer not just convenience but long-term value for both investors and brands.

"As urbanisation accelerates and incomes rise, we see high-street retail gaining even more momentum as the preferred choice for modern shoppers. As India marches toward its $1.6 trillion retail future, the lines between shopping, lifestyle and community continue to blur. Cities like Gurugram are setting the tone, where retail is no longer a destination but a part of everyday urban living," he said.

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Indian auto buyers shift gears as quality, direct purchases and innovation lead the way: Deloitte​

76 percent of Indian consumers indicated that they would be likely to buy a vehicle directly from the manufacturer with growing confidence in an online platform switching away from traditional dealer networks. (Photo is representational)
The automotive market in India is changing rapidly. In the most recent Deloitte 2025 Global Automotive Consumer Study, 76 per cent of Indian consumers indicated that they would be likely to buy a vehicle directly from the manufacturer with growing confidence in an online platform switching away from traditional dealer networks. This change also mirrors the rising prevalence of OEM-led sales channels in transforming the purchase process.


Meanwhile, as the Indian automobile market matures, 62 per cent of the customers list product quality and safety as most important when choosing a car. Contrary to markets such as Germany and Japan, where pricing is more important, Indian buyers care less about price and are more concerned with performance, strength, and driving experience. State-of-the-art in-car amenities and smooth driving performance are increasingly becoming the determining factors shaping brand choices.

(Also read: Not sunroof, this new feature is the cool favourite for Indian car buyers)

Indian automobile purchasers are also increasingly open to technology. 88 per cent of them are ready to give up personal information to OEMs or third-party entities in return for services such as anti-theft tracking—far higher than the U.S. average of 60 per cent. Additionally, 82 per cent of Indians feel that AI incorporation into cars will prove to be a plus, a clear leaning towards connected, smart mobility solutions. Smartphone integration and smooth connectivity continue to be paramount expectations.


Related video: India’s EV Market Set To Soar By 2030 (WION)
India, the world's 4th largest automobile market, is undergoing a
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India’s EV Market Set To Soar By 2030
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Electric vehicle evolution amid price sensitivity​

The electric vehicle (EV) industry is picking up speed, albeit with challenges. Though affordability issues and infrastructure constraints remain obstacles, interest persists. 21 per cent of Indian consumers are looking into hybrids and 8 per cent are leaning towards battery electric vehicles (BEVs). A significant 36 per cent are looking for fast-charging functionality, an indicator of increasing consumer expectations from the EV ecosystem.

Notably, Indian customers are not hesitant to change loyalties. The research reveals that 72 per cent are willing to switch car brands, primarily driven by the presence of cutting-edge features and technology. This willingness to experiment ranks second only to China and is much higher than in Western markets such as the U.S.

(Also read: Indian auto sector grows with record PV sales in FY25 while EVs surged by 17%)


Additionally, nearly 70 per cent of 18–34-year-old consumers are willing to substitute personal car ownership with Mobility-as-a-Service (MaaS) alternatives, including ride-sharing or subscription. Urban convenience and financial pragmatism are the primary drivers of this movement.