According to PayNXT360, Retail Gift Card market in India is expected to grow by 16.6% on annual basis to reach US$10,454.1 million in 2026. The retail gift card market in the country has experienced...
According to PayNXT360, Retail Gift Card market in India is expected to grow by 16.6% on annual basis to reach US$10,454.1 million in 2026. The retail gift card market in the country has experienced robust growth during 2021-2025, achieving a CAGR of 18.6%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 14.6% from 2026-2030. By the end of 2030, the Retail Gift Card sector is projected to expand from its 2025 value of USD 8,962.2 million to approximately USD 18,039.8 million. Key Trends and Drivers Marketplace gift cards are becoming retail category-entry tools • Retail gift cards in India are moving beyond generic prepaid codes toward marketplace-linked shopping instruments. Amazon Pay added personalized digital gift cards, animated e-gift cards, new physical formats, and festival-linked shopping flows in 2025; Flipkart’s current gift card terms also show marketplace redemption across single orders with multiple sellers, with unused balance retained for later purchases. • The demand is being driven by marketplace breadth across fashion, electronics, home, grocery-adjacent categories, and digital payment familiarity. However, RBI-linked PPI rules are keeping gift PPIs controlled: gift PPIs are valid for one year, capped at ₹10,000, and cannot be used for cash withdrawal or P2P transfers, which pushes retailers toward closed-loop, purchase-led use cases rather than wallet substitution. • This trend is likely to intensify for marketplace operators and gift card aggregators, but within a regulated, low-ticket framework. Retailers will use gift cards to drive category discovery and festive purchase conversion, while payment providers and issuers will focus more on fraud controls, KYC triggers, and authorized distribution. Grocery and daily-use retail are turning gift cards into wallet credits • Grocery gift cards are becoming more wallet-led. BigBasket’s current terms state that e-gift card value is added to bbWallet and can then be used for purchases on BigBasket, showing a shift from one-time voucher redemption to stored app balance for repeat grocery orders. • The driver is the rise of app-based grocery and hyperlocal retail. Reliance Retail’s FY2024-25 disclosure highlights grocery growth from large-format store expansion and hyperlocal delivery scale-up, while JioMart expanded its product catalogue and quick-commerce capability. This creates a stronger use case for prepaid retail gifting tied to recurring household purchases. • This trend should stabilize and gradually intensify, especially for grocery chains, quick-commerce platforms, and retailer wallets. Gift cards will be used less as occasional gifts and more as controlled retail spend for essentials, encouraging repeat usage, wallet retention, and cross-category purchase behavior. Fashion, department store, and electronics gift cards are tightening around omnichannel loyalty • Retail gift cards are increasingly being structured for omnichannel redemption. Croma’s electronic gift vouchers can be purchased online and redeemed both on Croma.com and in Croma stores, while Shoppers Stop’s Q3 FY2026 update shows First Citizen loyalty contributing 84% of quarterly revenue and the retailer investing in personalization and omnichannel capabilities. • The key driver is retailer-led customer retention. India’s digital payment infrastructure also supports this shift: UPI accounted for 85% of India’s digital payments in FY2025-26, making consumers more comfortable with digital stored-value and app-based redemption flows. • The trend is likely to intensify among electronics, fashion, beauty, and department store retailers. The winners will be retailers that connect gift cards with loyalty data, store redemption, app usage, and returns handling; the weaker point will be operational complexity around partial redemption, fraud prevention, and expiry management. Competitive Landscape Competition is likely to intensify over the next 2–4 years, especially among marketplaces, grocery apps, fashion retailers, electronics chains, and gift card aggregators. However, regulation will keep the market disciplined: RBI’s updated PPI framework caps gift PPIs at ₹10,000, limits validity and transferability, and restricts cash withdrawal, which favours closed-loop retail redemption over broad wallet substitution. High UPI usage will support digital purchase and redemption, but fraud controls, expiry management, and authorized distribution will become bigger differentiators. Current State of the Retail Gift Card Market • India’s retail gift card market is increasingly competitive, but the competition is not evenly spread across retailers. It is led by large e-commerce marketplaces, omnichannel retailers, grocery platforms, electronics chains, department stores, prepaid issuers, and digital gift card distributors. Amazon India and Flipkart shape marketplace gift card usage, while Reliance Retail’s scale across grocery, electronics, fashion, and JioMart strengthens the omnichannel layer. Competition has intensified because retailers are linking stored-value products more closely with apps, loyalty programs, and store-to-online journeys, rather than treating gift cards as standalone festive products. Reliance Retail’s recent multi-channel search-and-discovery pilot also signals how large retailers are trying to integrate physical and digital shopping flows more tightly. Key Retail Gift Card Players and New Entrants • Key active players include Amazon Pay gift cards, Flipkart gift cards, Reliance Retail formats, BigBasket, Croma, Shoppers Stop, and retailer-linked lifestyle and electronics brands. Pine Labs / Qwikcilver remains an important issuing and processing infrastructure player, while GyFTR and Woohoo-style platforms support digital distribution across multiple retail brands. Banks and payment apps participate mainly through voucher marketplaces, offers, and prepaid instruments. There is limited evidence of a major new India-specific retail gift card entrant in the last 12 months; the more visible change is existing platforms broadening digital formats and redemption use cases. Recent Launches, Partnerships, Mergers, and Acquisitions • Recent activity is more product-led than M&A-led. Amazon Pay added personalized digital gift cards, animated e-gift cards, new physical packaging, and festival-linked retail shopping flows in 2025. Shoppers Stop’s latest investor update shows loyalty remains central to retail monetization, with First Citizen contributing a large share of revenue, supporting gift-card and voucher relevance in loyalty-led department store retail. This report provides a detailed data-centric analysis of the Retail Gift Card industry in India, covering retail gift spend, digital gift card adoption, retail consumer gift card usage, and sector-level spending patterns. With more than 90+ KPIs, the report delivers a comprehensive view of retail gift card market dynamics, including market size and forecast, spend volume, digital gift card penetration, occasion-based usage, functional attributes, and retail sector-level opportunities. It breaks down market opportunities across retail gift card formats and usage dimensions, including functional attributes (open loop and closed loop), retail consumer segments, distribution channels for closed loop gift cards (online and offline), and key gifting occasions. In addition, it provides clear insights into consumer purchasing behaviour, gifting occasions, and retail sector spending patterns. KPIs measured in both value and volume terms enable a deep understanding of gift card adoption, usage intensity, and end-market dynamics. PayNXT360’s research methodology follows established industry best practices. Its independent analysis is supported by a proprietary analytics framework, delivering a detailed view of emerging business and investment opportunities within the retail gift card market.
This report provides in-depth, data-centric analysis of Retail Gift Card industry in India through 36 tables and 89 charts. Below is a summary of key market segments: India Retail Consumer Gift Spend Analysis -- Retail Consumer Gift Spend – Market Size and Forecast -- Retail Consumer Gift Spend by Volume -- Retail Consumer Gift Spend by Product Category -- Retail Consumer Gift Spend Market Share by Product Category -- Retail Consumer Gift Spend by Retail Sector -- Retail Consumer Gift Spend Market Share by Retail Sector India Retail Digital Gift Card Spend Analysis -- Retail Consumer Digital Gift Card Market Size and Forecast -- Retail Consumer Digital Gift Card Spend Market Share by Occasion India Retail Consumer Gift Card Spend Analysis -- Retail Consumer Gift Card Spend – Market Size and Forecast -- Retail Consumer Gift Card Spend Market Share by Occasion -- Retail Consumer Gift Card Spend Market Share by Functional Attribute -- Retail Consumer Digital Gift Card Spend – Market Size and Forecast India Retail Consumer Gift Card Spend by Functional Attribute -- Open Loop vs. Closed Loop Gift Card Spend -- Open Loop Gift Card Spend – Market Size and Forecast -- Closed Loop Gift Card Spend – Market Size and Forecast -- Average Gift Card Value by Functional Attribute India Retail Consumer Gift Card Spend by Occasion -- Gift Card Spend Market Share by Occasion -- Festivals and Special Celebration Days -- Milestone Celebrations -- Self-Use -- Other Occasions India Retail Consumer Closed Loop Gift Card Spend by Distribution Channel -- Online vs. Offline Distribution – Market Size and Forecast India Retail Consumer Gift Card Spend by Retail Sector -- Gift Card Spend by Retail Sector – Market Size and Forecast -- Gift Card Spend Market Share by Retail Sector
• Strategic and Market Insights: Understand where the retail gift card market in India is heading by assessing digital gift card adoption, occasion-based demand, and changing preferences between open-loop and closed-loop formats. The report also examines how retail consumer gift card spending is evolving across distribution channels and retail sectors. • Comprehensive Understanding of Retail Gift Card Market Dynamics in India: Build a detailed view of retail gifting by linking retail consumer gift spend with retail consumer gift card performance. The coverage spans product categories, retail sectors, gifting occasions, functional attributes, and market share analyses to explain how the market is structured and where growth is concentrated. • Value and Volume-Based KPIs for Market Accuracy: Use a structured KPI view covering retail consumer gift spend size and forecast, gift spend volume, gift card spend, digital gift card spend, and average value per card. Market share analyses by product category, retail sector, occasion, and functional attribute provide further insight into market development. • Functional Attribute Assessment: Evaluate the retail gift card market through comparisons of open-loop and closed-loop gift card spending. Separate market size and forecast analyses, together with average gift card value by functional attribute, support realistic assessment of the relative role of each format in India. • Actionable Inputs for Distribution and Growth Strategies: Identify where opportunities are strongest by analysing online versus offline distribution of closed-loop gift cards, alongside sector-level views of gift card spend and market share. These insights support distribution planning and retail sector prioritisation. • In-Depth Occasion and Retail Sector Insights: Strengthen retail gift card strategies using spend analysis across festivals and special celebration days, milestone celebrations, self-use, and other occasions. Product-category and retail-sector analysis helps identify where consumer gift spending and gift card growth opportunities are concentrated.
Table of Contents 1. About this Report 1.1 Summary 1.2 Methodology 1.3 Definition 1.4 Disclaimer 2. India Retail Consumer Gift Spend Analyzer 2.1 Retail Consumer Spend on Gift - Market Size and Forecast, 2021-2030 2.2 Retail Consumer Gift Spend Market Analysis by Volume, 2021-2030 2.3 Retail Consumer Gift Spend Market Size and Forecast Analysis by Product Category 2.4 Retail Consumer Gift Spend Market Share Analysis by Product Category 2.5 Retail Consumer Gift Spend Market Size and Forecast Trend Analysis by Retail Sector 2.6 Retail Consumer Total Gift Spend Market Share Analysis by Retail Sector 3. India Retail Digital Gift Card Spend Analyzer 3.1 Retail Consumer Digital Gift Card Market Size and Forecast, 2021-2030 3.2 Retail Consumer Digital Gift Card Spend Market Share Analysis by Occasion, 2021-2030 4. India Retail Consumer Gift Card Spend Analyzer 4.1 Retail Consumer Gift Card Spend Market Size and Forecast, 2021-2030 4.2 Retail Consumer Gift Card Spend Market Share Analysis by Occasion, 2021-2030 4.3 Retail Consumer Gift Card Spend Market Share Analysis by Functional Attribute 4.4 Retail Consumer Digital Gift Card Spend Market Size and Forecast, 2021-2030 5. India Retail Consumer Gift Card Spend Analysis by Functional Attribute 5.1 Retail Consumer Gift Card Spend Market Size and Forecast - Open Loop vs. Closed Loop, 2021-2030 5.2 Retail Consumer Open Loop Gift Card Spend Market Size and Forecast, 2021-2030 5.3 Retail Consumer Closed Loop Gift Card Spend Market Size and Forecast, 2021-2030 5.4 Retail Consumer Average Value of Gift Card Purchased by Functional Attribute 6. India Retail Consumer Gift Card Spend Analysis by Occasion 6.1 Retail Consumer Gift Card Spend Market Share Analysis by Occasion, 2021-2030 6.2 Retail Consumer Gift Card Spend Market Size and Forecast - Festivals & Special Celebration Days, 2021-2030 6.3 Retail Consumer Gift Card Spend Market Size and Forecast - Milestone Celebration, 2021-2030 6.4 Retail Consumer Gift Card Spend Market Size and Forecast - Self-Use, 2021-2030 6.5 Retail Consumer Gift Card Spend Market Size and Forecast - Other, 2021-2030 7. India Retail Consumer Closed Loop Gift Card Spend Market Size and Forecast by Distribution Channel - Online vs. Offline, 2023-2030 8. India Retail Consumer Gift Card Spend Analysis by Retail Sector 8.1 Retail Consumer - Gift Card Spend Market Size and Forecast by Retail Sector, 2021-2030 8.2 Retail Consumer Gift Card Spend Market Share Analysis by Retail Sector 9. Further Reading 9.1 About PayNXT360 9.2 Related Research
Table 1: India Retail Consumer Gift Spend Analysis (US$ Million), 2021-2030 Table 2: India Retail Consumer Gift Card Penetration by Market Value (%), 2021-2030 Table 3: India Retail Consumer Gift Spend Analysis by Number of Gifts (in Million), 2021-2030 Table 4: India Retail Consumer Gift Spend Analysis by Avg. Value Per Gift (US$), 2021-2030 Table 5: India Retail Consumer Digital Gift Card Market Size and Forecast by Load Value (US$ Million) and Digital Gift Card Penetration, 2021-2030 Table 6: India Retail Consumer Digital Gift Card Market Size and Forecast by Number of Cards (Million) and Avg. Value (US$), 2021-2030 Table 7: India Retail Consumer Digital Gift Card Spend Market Share Analysis by Occasion (US$ Million), 2021-2030 Table 8: India Retail Consumer Digital Gift Card Spend Market Share Analysis by Occasion (%), 2021-2030 Table 9: India Retail Consumer Gift Card Load Value (US$ Million), 2021-2030 Table 10: India Retail Consumer Number of Gift Cards Purchased (Million) and Avg. Value (US$), 2021-2030 Table 11: India Retail Consumer Gift Card Spend Market Share Analysis by Occasion (US$ Million), 2021-2030 Table 12: India Retail Consumer Gift Card Spend Market Share Analysis by Occasion (%), 2021-2030 Table 13: India Retail Consumer Gift Card Spend Market Share Analysis by Functional Attribute (US$ Million), 2021-2030 Table 14: India Retail Consumer Gift Card Spend Market Share Analysis by Functional Attribute (Volume), 2021-2030 Table 15: India Retail Consumer Digital Gift Card Spend Market Size and Penetration by Value (US$ Million), 2021-2030 Table 16: India Retail Consumer Digital Gift Card Spend Market Size by Volume - Number of Cards (Mn) and Avg. Value of Card Purchased (US$), 2021-2030 Table 17: India Retail Consumer Gift Card Spend Market Share Analysis by Functional Attribute (US$ Million), 2021-2030 Table 18: India Retail Consumer Gift Card Spend Market Share Analysis by Functional Attribute (%), 2021-2030 Table 19: India Retail Consumer Open Loop Gift Card Load Value (US$ Million), 2021-2030 Table 20: India Retail Consumer Open Loop Number of Gift Cards Purchased (Million) 2021-2030 Table 21: India Retail Consumer Closed Loop Gift Card Load Value (US$ Million), 2021-2030 Table 22: India Retail Consumer Closed Loop Number of Gift Cards Purchased (Million) 2021-2030 Table 23: India Retail Consumer Avg. Value of Open Loop Gift Card Purchased (US$), 2021-2030 Table 24: India Retail Consumer Avg. Value of Closed Loop Gift Card Purchased (US$), 2021-2030 Table 25: India Retail Consumer Gift Card Spend Market Share Analysis by Occasion (US$ Million), 2021-2030 Table 26: India Retail Consumer Gift Card Spend Market Share Analysis by Occasion (%), 2021-2030 Table 27: India Retail Consumer Gift Card Load Value - Festivals & Special Celebration Days (US$ Million), 2021-2030 Table 28: India Retail Consumer Number of Gift Cards Purchased - Festivals & Special Celebration Days (Million) and Average Value (US$), 2021-2030 Table 29: India Retail Consumer Gift Card Load Value - Milestone Celebration (US$ Million), 2021-2030 Table 30: India Retail Consumer Number of Gift Cards Purchased - Milestone Celebration (Million) and Average Value (US$), 2021-2030 Table 31: India Retail Consumer Gift Card Load Value - Self-Use (US$ Million), 2021-2030 Table 32: India Retail Consumer Number of Gift Cards Purchased - Self-Use (Million) and Average Value (US$), 2021-2030 Table 33: India Retail Consumer Gift Card Load Value - Other (US$ Million), 2021-2030 Table 34: India Retail Consumer Number of Gift Cards Purchased - Other (Million) and Average Value (US$), 2021-2030 Table 35: India Retail Consumer Closed Loop Gift Card Spend Market Size and Forecast by Distribution Channel - Online vs. Offline (US$ Million), 2023-2030 Table 36: India Retail Consumer Closed Loop Gift Card Spend Market Share by Distribution Channel - Online vs. Offline (%), 2023-2030
Figure 1: PayNXT360’s Methodology Framework Figure 2: India Retail Consumer Gift Spend Analysis (US$ Million), 2021-2030 Figure 3: India Retail Consumer Gift Card Penetration by Market Value (%), 2021-2030 Figure 4: India Retail Consumer Gift Spend Analysis by Number of Gifts (in Million), 2021-2030 Figure 5: India Retail Consumer Gift Spend Analysis by Avg. Value Per Gift (US$), 2021-2030 Figure 6: India Food & Beverage - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 7: India Health, Wellness & Beauty - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 8: India Apparel, Footwear & Accessories - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 9: India Books & Media Products - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 10: India Consumer Electronics - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 11: India Restaurants & Bars - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 12: India Toys, Kids, and Babies - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 13: India Jewelry - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 14: India Sporting Goods - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 15: India Home & Kitchen Accessories & Appliances - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 16: India Travel - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 17: India Entertainment & Gaming - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 18: India Food & Beverage - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 19: India Health, Wellness & Beauty - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 20: India Apparel, Footwear & Accessories - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 21: India Books & Media Products - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 22: India Consumer Electronics - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 23: India Restaurants & Bars - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 24: India Toys, Kids, and Babies - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 25: India Jewelry - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 26: India Sporting Goods - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 27: India Home & Kitchen Accessories & Appliances - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 28: India Travel - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 29: India Entertainment & Gaming - Retail Consumer Gift Spend Market Share Analysis (%), 2025-2030 Figure 30: India Ecommerce & Department Stores - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 31: India Restaurants & Bars - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 32: India Supermarket, Hypermarket, Convenience Store - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 33: India Entertainment & Gaming - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 34: India Specialty Stores - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 35: India Health & Wellness - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 36: India Travel - Retail Consumer Total Gift Spend Market Size Analysis (US$ Million), 2021-2030 Figure 37: India Ecommerce & Department Stores - Retail Consumer Total Gift Spend Market Share Analysis (%), 2025-2030 Figure 38: India Restaurants & Bars - Retail Consumer Total Gift Spend Market Share Analysis (%), 2025-2030 Figure 39: India Supermarket, Hypermarket, Convenience Store - Retail Consumer Total Gift Spend Market Share Analysis (%), 2025-2030 Figure 40: India Entertainment & Gaming - Retail Consumer Total Gift Spend Market Share Analysis (%), 2025-2030 Figure 41: India Specialty Stores - Retail Consumer Total Gift Spend Market Share Analysis (%), 2025-2030 Figure 42: India Health & Wellness - Retail Consumer Total Gift Spend Market Share Analysis (%), 2025-2030 Figure 43: India Travel - Retail Consumer Total Gift Spend Market Share Analysis (%), 2025-2030 Figure 44: India Retail Consumer Digital Gift Card Market Size and Forecast by Load Value (US$ Million) and Digital Gift Card Penetration, 2021-2030 Figure 45: India Retail Consumer Digital Gift Card Market Size and Forecast by Number of Cards (Million) and Avg. Value (US$), 2021-2030 Figure 46: India Retail Consumer Digital Gift Card Spend Market Share Analysis by Occasion (US$ Million), 2021-2030 Figure 47: India Retail Consumer Digital Gift Card Spend Market Share Analysis by Occasion (%), 2021-2030 Figure 48: India Retail Consumer Gift Card Load Value (US$ Million), 2021-2030 Figure 49: India Retail Consumer Number of Gift Cards Purchased (Million) and Avg. Value (US$), 2021-2030 Figure 50: India Retail Consumer Gift Card Spend Market Share Analysis by Occasion (US$ Million), 2021-2030 Figure 51: India Retail Consumer Gift Card Spend Market Share Analysis by Occasion (%), 2021-2030 Figure 52: India Retail Consumer Gift Card Spend Market Share Analysis by Functional Attribute (US$ Million), 2021-2030 Figure 53: India Retail Consumer Gift Card Spend Market Share Analysis by Functional Attribute (Volume), 2021-2030 Figure 54: India Retail Consumer Digital Gift Card Spend Market Size and Penetration by Value (US$ Million), 2021-2030 Figure 55: India Retail Consumer Digital Gift Card Spend Market Size by Volume - Number of Cards (Mn) and Avg. Value of Card Purchased (US$), 2021-2030 Figure 56: India Retail Consumer Gift Card Spend Market Share Analysis by Functional Attribute (US$ Million), 2021-2030 Figure 57: India Retail Consumer Gift Card Spend Market Share Analysis by Functional Attribute (%), 2021-2030 Figure 58: India Retail Consumer Open Loop Gift Card Load Value (US$ Million), 2021-2030 Figure 59: India Retail Consumer Open Loop Number of Gift Cards Purchased (Million) 2021-2030 Figure 60: India Retail Consumer Closed Loop Gift Card Load Value (US$ Million), 2021-2030 Figure 61: India Retail Consumer Closed Loop Number of Gift Cards Purchased (Million) 2021-2030 Figure 62: India Retail Consumer Avg. Value of Open Loop Gift Card Purchased (US$), 2021-2030 Figure 63: India Retail Consumer Avg. Value of Closed Loop Gift Card Purchased (US$), 2021-2030 Figure 64: India Retail Consumer Gift Card Spend Market Share Analysis by Occasion (US$ Million), 2021-2030 Figure 65: India Retail Consumer Gift Card Spend Market Share Analysis by Occasion (%), 2021-2030 Figure 66: India Retail Consumer Gift Card Load Value - Festivals & Special Celebration Days (US$ Million), 2021-2030 Figure 67: India Retail Consumer Number of Gift Cards Purchased - Festivals & Special Celebration Days (Million) and Average Value (US$), 2021-2030 Figure 68: India Retail Consumer Gift Card Load Value - Milestone Celebration (US$ Million), 2021-2030 Figure 69: India Retail Consumer Number of Gift Cards Purchased - Milestone Celebration (Million) and Average Value (US$), 2021-2030 Figure 70: India Retail Consumer Gift Card Load Value - Self-Use (US$ Million), 2021-2030 Figure 71: India Retail Consumer Number of Gift Cards Purchased - Self-Use (Million) and Average Value (US$), 2021-2030 Figure 72: India Retail Consumer Gift Card Load Value - Other (US$ Million), 2021-2030 Figure 73: India Retail Consumer Number of Gift Cards Purchased - Other (Million) and Average Value (US$), 2021-2030 Figure 74: India Retail Consumer Closed Loop Gift Card Spend Market Size and Forecast by Distribution Channel - Online vs. Offline (US$ Million), 2023-2030 Figure 75: India Retail Consumer Closed Loop Gift Card Spend Market Share by Distribution Channel - Online vs. Offline (%), 2023-2030 Figure 76: India Ecommerce & Department Stores - Retail Consumer Gift Card Spend Market Size Analysis (US$ Million), 2021-2030 Figure 77: India Restaurants & Bars - Retail Consumer Gift Card Spend Market Size Analysis (US$ Million), 2021-2030 Figure 78: India Supermarket, Hypermarket - Retail Consumer Gift Card Spend Market Size Analysis (US$ Million), 2021-2030 Figure 79: India Entertainment & Gaming - Retail Consumer Gift Card Spend Market Size Analysis (US$ Million), 2021-2030 Figure 80: India Specialty Stores - Retail Consumer Gift Card Spend Market Size Analysis (US$ Million), 2021-2030 Figure 81: India Health & Wellness - Retail Consumer Gift Card Spend Market Size Analysis (US$ Million), 2021-2030 Figure 82: India Travel - Retail Consumer Gift Card Spend Market Size Analysis (US$ Million), 2021-2030 Figure 83: India Ecommerce & Department Stores - Retail Consumer Gift Card Spend Market Share Analysis in (%), 2025-2030 Figure 84: India Restaurants & Bars- Retail Consumer Gift Card Spend Market Share Analysis in (%), 2025-2030 Figure 85: India Supermarket, Hypermarket, Convenience Store - Retail Consumer Gift Card Spend Market Share Analysis in (%), 2025-2030 Figure 86: India Entertainment & Gaming - Retail Consumer Gift Card Spend Market Share Analysis in (%), 2025-2030 Figure 87: India Specialty Stores - Retail Consumer Gift Card Spend Market Share Analysis in (%), 2025-2030 Figure 88: India Health & Wellness - Retail Consumer Gift Card Spend Market Share Analysis in (%), 2025-2030 Figure 89: India Travel - Retail Consumer Gift Card Spend Market Share Analysis in (%), 2025-2030
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