Organized Retail Industry in India![]() ![]() ![]() ![]() |
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"We believe that India is a rising star at the beginning of a growth cycle, with consumer spending increasing at a strong rate, and people seeking and demanding a better quality of life. India is going to be one of the fastest-growing regions of the future. All conditions are right to invest in India."1 - Jeff Immelt, Chief Executive, GE. "FDI in retail trade can not only organize a significant part of the largely unorganized domestic retailing, but also invite established global retail brands into the Indian market, thereby creating greater outlets for outsourcing and marketing Indian products." - Recommendations from Economic Survey2 of 2004-05. Introduction
Of this total market, the organized sector accounted for Rs. 350 billion (about 3.5 % of the total) of the total revenues. According to AT Kearney3, the organized retailing industry is expected to cross Rs. 1000 billion revenue mark by 2010 (Refer Exhibit III for share of organized retailing in India and Exhibit IV for percentage contribution of different sectors to organized retailing in India).
Organized Retail Industry in India - Next Page>> 1] "Wal-Mart Assault: India May be Forced to Open its Protected Retail Sector, but Wal-Mart for the First Time Will Face Real Communists in India," www.indiadaily.com, July 12, 2005. |
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