India’s retail market is booming, with experts projecting it to reach nearly $2 trillion in the next few years. This growth is powered by rising middle-class incomes, urbanisation, digital adoption, and a surge in consumer spending across both rural and urban centers.
Especially vibrant is the travel retail sector: worth $2.47 billion in 2025 and set to grow at over 21% CAGR, riding on a wave of tourism recovery and increased airport footfall.
While keeping this surge in mind, Travel News India Private Limited has officially launched its new travel retail brand, Globiq. Through this new launch, the company aims to transform how Indian and South Asian travelers shop on the move. Globiq is designed to offer a one-stop, shopping experience targeting travelers, commuters, and tourists, according to an official press release.
According to research by the IMARC Group, India’s retail market is anticipated to grow at a CAGR of over 13% between 2025-2033, reaching $3.4 trillion by 2033.
“Travel retail in South Asia is at an inflection point. With Globiq, we aim to redefine convenience, accessibility, and quality for travelers and consumers on the move. Our focus will be on curating a product mix that delights every customer segment,” Atul Jain, Managing Director, Globiq, said.
India’s retail scene: Growth and excitement
Innovative malls and high-end retail sites are being developed fast, with more than 9 million sq.ft. of new retail space coming in 2025 across major cities. Local brands dominate the scene, but international brands are also making an impact, highlighting a shift towards premium and diverse shopping experiences. Around 58% of sales still come from traditional offline stores, yet omnichannel and digital-first retailing continue to gain ground.
Beyond traditional travel retail
“Our vision for Globiq goes beyond traditional travel retail. We are creating an integrated brand presence that delivers premium assortments, consistent service, and engaging retail experiences at every location—be it an international airport or a busy city metro station,” Shantanu Chakravartty, CEO, Globiq, explained.
Recent studies in the travel retail sector underline that rising disposable incomes and aspirational lifestyles are driving travelers to spend more, especially at transit hubs like airports and railway stations. They seek premium products, diverse choices, and convenience, which is why brands like Globiq are investing in engaging and modern retail formats.