Organized Retail Industry in India![]() ![]() ![]() ![]() |
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Introduction Contd...Leading global retailers such as Wal-Mart, Tesco and others are keen to enter the Indian retailing industry. The Chicago-based Sara Lee Corporation is planning to enter the Indian apparel market. Dior, the well known watch brand from the Louis Vuitton Moet Hennessy (LVMH) group, is planning to include India among its top 12 world markets.
In a seminar conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI)5 in February 2005, he said, "The importance of the retail sector in the national economy is not in dispute. All economists have agreed that giving the retail sector a thrust will not only result in boosting the economy, but also that the retail sector has the potential to be leveraged in order to rejuvenate specific targeted sectors, including the rural economy."6
• Rising incomes and a consequent increase in disposable incomes (Refer Exhibit VI for household income across India). 4] AT Kearney developed the Global Retail Development Index (GRDI). This annual survey ranks emerging countries based on four key variables - country risk, market attractiveness, market saturation and time pressure. |
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