November 22, 2024 4:18 PM

India’s tech, durable offline retail market sees 10 pc growth amid rising rural consumption

Driven by rising disposable incomes and greater internet penetration in smaller towns, the Indian tech and durable offline retail market registered a 10 per cent value growth (year-on-year) in the January-September period this year, according to a report on Friday. Smaller cities are emerging as key growth engines for India’s tech and durable market and in Q3 alone (July-September period), Town Class 3 witnessed a 9 per cent value growth, surpassing Town Class 1 (6 per cent) and Town Class 2 ...