Indian Retail - An Overview

Over the last few years, retail has become one of the fastest growing sectors in the Indian economy. In fact, India has topped the annual list of the most attractive countries for international retail expansion, according to AT Kearney’s Global Retail Development Index 2006. Of the currently estimated $270 billion Indian retail market, organized retail comprises of just 4.6%. However, this segment grew nearly 40% in 2007. With the entry of major global players and larger Indian corporations into the arena, the Indian organized retail sector is estimated to grow to about 15%of the total retail sales by 2010. The booming services sector combined with the growth in disposable income is considered to be providing impetus to this boom.

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