Amazon and Walmart have been increasing their footprint in India over the last decade. In fact, Amazon is currently in the middle of a battle with Reliance Group over the latter’s acquisition of Future Group.

The retail industry in India is projected to touch $1.3 trillion (Rs94.7 lakh crore) by 2024, as against $883 billion in 2020, as per Forrester Research. Besides, the retail sector accounts for over 10% of the country’s gross domestic product (GDP) and around 8% of total employment.

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