India's Retail Revolution: A Decade of Workforce Disruption

A new report by V5 Global explores the rapid transformation of India's retail sector, predicting it will nearly double in size by 2030. The report highlights the rise of Tier-2 city hiring, increased female participation, and the growing demand for digital and analytics talent amidst the sector's expansion.

A recent report by V5 Global forecasts a sweeping transformation in India's retail sector, predicting it will nearly double in size and crucially reshape the national employment landscape by 2030. The document, 'India's Retail Workforce: Entering a Decade of Disruption,' emphasizes a surge in demand for digital and analytical skills.

Tier-2 cities such as Lucknow, Jaipur, Coimbatore, and Nagpur are emerging as significant employment centers, recording over 40% hiring growth. This shift is part of a broader trend in which India's hiring landscape is evolving through the rapid rise of Tier-2 and Tier-3 cities, promoting productivity and growth nationwide.

Additionally, the report spotlights a 23% uptick in women's participation in the retail workforce, facilitated by flexible working arrangements. Nonetheless, it notes ongoing challenges in achieving gender representation and wage parity. Advances in technology will be pivotal as the sector adapts to a digitally-driven consumer environment.

(With inputs from agencies.)