What: Retail sales in India rose 10% year-on-year in March, signalling strong sector momentum.

Why it is important: The increase highlights the effectiveness of strategic investments and the sector’s appeal to both domestic and international players.

India’s retail sector is demonstrating exceptional vitality, with retail sales rising by 10% year-on-year in March 2026. This surge is part of a broader pattern of sustained double-digit growth, as seen in the previous quarter, and is driven by robust consumer confidence and economic momentum. Notably, specific categories such as quick service restaurants and beauty are outperforming, reflecting evolving consumer preferences and regional diversity in demand. The sector’s attractiveness is further underscored by the growing interest of international retailers, who are drawn by infrastructure improvements and the rising affluence of digitally engaged consumers, particularly in emerging urban centres. The Retailers Association of India remains instrumental in tracking these trends, offering valuable insights and projections that guide both local and global stakeholders. Strategic investments in technology and new retail formats, alongside the entry of global brands, are collectively propelling the industry toward ambitious growth targets, positioning India as a key market in the global retail landscape.

IADS Notes: The 10% year-on-year growth in March 2026 (India Economic Times, April 2026) is consistent with the high double-digit revenue expansion seen in Q4 2025 (India Economic Times, April 2026), reflecting the sector’s ongoing momentum. Category and regional performance insights from May 2025 (India Economic Times, May 2025) emphasise the dynamic nature of consumer demand. The strategic entry of international brands and infrastructure investments are detailed in January 2026 (The Robin Report, January 2026), while the Retailers Association of India’s role in tracking and guiding the industry’s evolution is highlighted in February 2026 (BCG/RAI, February 2026).

Retail sales in India up 10% year-on-year in March: RAI survey