The Changing Face of Indian Consumers.
India’s consumer and retail landscape has never been as changing as it is today. Rising incomes, the middle class, digital adoption, and shifting lifestyles rewrite how consumers shop, spend, and connect with brands. From fashion and lifestyle to FMCG and luxury goods, growth here is driven by both aspiration and access.
For global and domestic brands, this momentum also brings complexity, from multi-layered regulations and tax structures to supply chain fragmentation and sustainability expectations
At HLS Global, we help retail businesses navigate this transformation with a multidisciplinary team that supports retailers in structuring operations, managing compliance, and building scalable, transparent, and resilient retail systems across India’s diverse markets.
India’s logistics market is projected to reach approximately USD 484.43 billion by 2029, growing at nearly 9% CAGR, supported by rising domestic consumption and infrastructure expansion. Indian Railways recorded freight loading of around 1.61 billion tonnes in FY25, reflecting strong movement across core industrial and agricultural commodities. India also has the world’s largest road network and the third-largest domestic aviation market globally. Port cargo handling reached approximately 855 million tonnes in FY25, driven by increased trade volumes, port modernisation, and improved multimodal connectivity.
India’s logistics market is projected to reach approximately USD 484.43 billion by 2029, growing at nearly 9% CAGR, supported by rising domestic consumption and infrastructure expansion. Indian Railways recorded freight loading of around 1.61 billion tonnes in FY25, reflecting strong movement across core industrial and agricultural commodities. India also has the world’s largest road network and the third-largest domestic aviation market globally. Port cargo handling reached approximately 855 million tonnes in FY25, driven by increased trade volumes, port modernisation, and improved multimodal connectivity.
The construction sector contributes around 9% to India’s GDP and employed approximately 71 million people in 2023, making it one of the largest employment-generating sectors in the country. The market is projected to reach approximately USD 1.21 trillion by 2025, driven by urbanisation, housing demand, and large-scale infrastructure projects. Under the National Infrastructure Pipeline, India has over 9,000 projects spanning 34 sub-sectors, supported by increased government capital expenditure and sustained private sector participation.
The construction sector contributes around 9% to India’s GDP and employed approximately 71 million people in 2023, making it one of the largest employment-generating sectors in the country. The market is projected to reach approximately USD 1.21 trillion by 2025, driven by urbanisation, housing demand, and large-scale infrastructure projects. Under the National Infrastructure Pipeline, India has over 9,000 projects spanning 34 sub-sectors, supported by increased government capital expenditure and sustained private sector participation.
India’s logistics market was valued at approximately USD 228.4 billion in 2024 and is expected to grow to nearly USD 428.7 billion by 2033. Warehousing demand has surged due to rising activity across e-commerce, manufacturing, and organised retail. Leasing activity rose by approximately 42% year-on-year in FY25, highlighting strong absorption. Total warehousing stock reached around 533 million square feet in 2024, with Tier II and Tier III cities contributing nearly 19% of total supply as supply chains expand beyond major metros.
India’s logistics market was valued at approximately USD 228.4 billion in 2024 and is expected to grow to nearly USD 428.7 billion by 2033. Warehousing demand has surged due to rising activity across e-commerce, manufacturing, and organised retail. Leasing activity rose by approximately 42% year-on-year in FY25, highlighting strong absorption. Total warehousing stock reached around 533 million square feet in 2024, with Tier II and Tier III cities contributing nearly 19% of total supply as supply chains expand beyond major metros.
India’s real estate sector continues to be a key economic driver, supported by residential, commercial, and hospitality segments. The sector benefits from rising urbanisation, growing office demand, and increased institutional investment. Domestic travel spending reached approximately USD 185.6 billion in 2024, while government initiatives aim to attract 100 million inbound tourists by 2047. Policy support, infrastructure upgrades, and improved ease of doing business continue to strengthen long-term growth prospects across real estate asset classes.
India’s real estate sector continues to be a key economic driver, supported by residential, commercial, and hospitality segments. The sector benefits from rising urbanisation, growing office demand, and increased institutional investment. Domestic travel spending reached approximately USD 185.6 billion in 2024, while government initiatives aim to attract 100 million inbound tourists by 2047. Policy support, infrastructure upgrades, and improved ease of doing business continue to strengthen long-term growth prospects across real estate asset classes.
India’s hospitality and tourism sector contributed approximately USD 250.2 billion to GDP in 2024 and is projected to reach around USD 511.5 billion by 2034, reflecting strong recovery and long-term growth momentum. The hotel industry alone was valued at approximately USD 24.6 billion in 2024, supported by rising domestic tourism, international arrivals, and expansion of branded hotel supply. Government-led tourism initiatives, improved air connectivity, and infrastructure investments continue to enhance India’s position as a global travel destination.
India’s hospitality and tourism sector contributed approximately USD 250.2 billion to GDP in 2024 and is projected to reach around USD 511.5 billion by 2034, reflecting strong recovery and long-term growth momentum. The hotel industry alone was valued at approximately USD 24.6 billion in 2024, supported by rising domestic tourism, international arrivals, and expansion of branded hotel supply. Government-led tourism initiatives, improved air connectivity, and infrastructure investments continue to enhance India’s position as a global travel destination.