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Why Ikea is making a big property push in India

With India’s retail market expected to reach US$ 1.4 billion in 2023 and the country’s grasp on technology showing its strength at the height of the pandemic, it’s no wonder that Ikea’s shopping centre arm, Ingka Centres, is looking to open its first mall in the country. A report from data and analytics firm GlobalData revealed that India’s retail market is expected to grow at a compound annual growth rate of 10.4 per cent between 2020 to 2023 to reach $1.4 billion in 2023. The company