With fashion and apparel being frontrunners, Indian retail sector sees 169 per cent growth
May 12, 2025
During the January–March quarter, the Indian retail sector expanded by 169 per cent year over year due to the strong momentum in the opening of new retail stores in major cities.
In the first quarter of 2025, retailers leased 3.1 million square feet in high streets and malls in the top seven cities. The first quarter of 2025 saw the addition of 2 million square feet of new retail space.
The retail sector’s gross lease activity increased by 9% on a quarter-over-quarter (QoQ) basis, per the JLL India study. In India’s retail market, the most popular store categories were apparel and fashion. Read more at Apparel Resource.