India, Feb. 28 -- Driven by rising disposable incomes and evolving consumer preferences, India's organized retail sector is expanding rapidly and is expected to reach $230 billion by 2030, a joint report by Deloitte and the Retailers Association of India said.

The report, titled A Roadmap for Brands, stated that India's organized retail sector is growing at a 10% compound annual growth rate (CAGR). "Consumers are increasingly drawn to experience-led retail spaces, omnichannel shopping (in-store and online shopping) and hyper-personalised services, pushing brands to rethink engagement strategies," it said.

The report further stated that India's private consumption has grown from $1 trillion in 2013 to $2.1 trillion in 2024 at a 7.2% CAGR...