RAI Chairman Kurien pegs Indian retail at $2T in 5 years, organized share to hit $230B
At NERS Guwahati, RAI Chairman Bijou Kurien projected India's retail market reaching $2 trillion within five years, with organized retail climbing to $230 billion or 15% share. He flagged 75% of consumers as digitally influenced, quick commerce now live in 80-90 cities with 15-20 minute delivery, and called out the North East as an emerging retail frontier.
RAI Chairman Bijou Kurien at NERS Guwahati projected Indian retail reaching $2 trillion in five years with organized retail at $230 billion (15%), highlighting omnichannel shift, 75% digitally-influenced shoppers, quick commerce expansion, and North East regional retail dynamics.
Why this matters
RAI's bullish $2T projection contrasts with recent demand softness, where retail growth cooled to 5% in May and 7% in April amid cost pressures flagged by the association itself.
Leadership signals steady at 364 in last 90 days, reflecting consistent industry voice from retail bodies.