Indian Retail- Facts and Figures

May 9, 2009	(Be the first to rate this story!)  Loading ...
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The Retail Omnibus edition features 4 reports covering the fast growing retail scene in India. The report begins with an overview of the Retail Scene in India and includes 3 additional reports on: * 1. Grocery and Food Retail * 2. Growth of Malls in India * 3. Growth of Single Brand Stores in India The Omnibus edition of our retail papers spans the largest sector in India, which not only brings so much joy to the inveterate shoppers in terms of retail therapy, but also employment and livelihood to tens of thousands of Indians. India ’s GDP growth rate is a healthy 9% for 2005-06 - and this has had its ripple effect on all industries- more so the Retail sector, of which only 3 % was organized until now. The Indian retail industry accounts for 10% of GDP and 8% of employment.

India is being touted as the next big retail destination with an average three year compounded annual growth rate of 46.64%. The Indian economy is poised to take the third position in the world in terms of Purchasing Power Parity by the year 2010. The Indian Retail Market is a Rs.1,200,000 million market as per the Images India Retail Report 2007. Organized Retail market is zooming ahead with an annual growth rate of 30%. The Retail sector is vibrant with growth happening in all related areas - be they malls, hypermarkets or single brand luxury stores, they have dotted the commercial landscape of the metros, and have even percolated to the Tier II and Tier III cities.

Malls are fast becoming sought-after entertainment hotspots. From a situation where there were no malls about a decade ago, the country will have over 300 malls translating to over 100 million sq.ft. in available mall space by the end of 2007. Food and Grocery retail holds the most potential, as almost 99% of it is unorganised. A number of big players are entering the field of organised food retail like Reliance, Aditya Birla Group and the Bharti Group, which has tied up with the world’s largest retailer - WalMart. All these major players are expected to show an annual growth rate of 25- 30%. The Retail boom has also led to the opening of a large number of single brand outlets across the country. With big brands and bigger outlets across all segments, from Apparel and Footwear, Watches, Books and Stationary to Jewellery and Consumer Durables, the sweep is indeed broad.

The Retail Sector is definitely witnessing a growth phase and everyone wants to make their presence felt in order to take their share of this huge pie. Take a gourmet trip - dig in to sample the depth and breadth of this amazing sector. Types of Retail Chains operating in India * Food and Beverage * Health and Beauty * Clothing and Footwear * Home Furniture and Household Goods * Consumer Durable Goods * Leisure and Personal Goods

News Published Under:   Retail Market in India |

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