Predicted mall distribution space in india
Organized retail sector in india
Retailing in India is currently(2008) estimated to be a US$312 billion industry, of which organized retailing makes up only 3 percent, or US$9.4 billion, though it is expected to reach US$23 billion by 2010. It is expected that by 2016 modern retail industry in India Will be worth US$175-200 billion. Most of the organized retailing is recent and concentrated in metropolitan cities such as Mumbai. Delhi. Bangaluru. And Kolkata.
factors driving the growth of India's organized retail sector include the booming economy, the risa in the relatively young working population, growing salaries, more nuclear families in urban areas, the rising number of working women, Western influences, and growth in expenditure on luxury items. In addition, the Indian government in 2005 allowed foreign direct investment (FDI) in single brand retail to 51 percent, which has opened up many opportunities for foreign investors.
Food is the most dominant sector in the Indian retail industry, growing at a rate of 9 percent annually and since 60 percent of the Indian grocery shopping consists of non-branded items, the branded food industry is trying to convert Indian consumers to branded products. The Food Retail Industry in India is dominant and food and beverage sales account for the largest percentage increase in retail sales every year.
Predicted mall distribution space in india
Organized retail sector in india
Retailing in India is currently(2008) estimated to be a US$312 billion industry, of which organized retailing makes up only 3 percent, or US$9.4 billion, though it is expected to reach US$23 billion by 2010. It is expected that by 2016 modern retail industry in India Will be worth US$175-200 billion. Most of the organized retailing is recent and concentrated in metropolitan cities such as Mumbai. Delhi. Bangaluru. And Kolkata.
factors driving the growth of India's organized retail sector include the booming economy, the risa in the relatively young working population, growing salaries, more nuclear families in urban areas, the rising number of working women, Western influences, and growth in expenditure on luxury items. In addition, the Indian government in 2005 allowed foreign direct investment (FDI) in single brand retail to 51 percent, which has opened up many opportunities for foreign investors.
Food is the most dominant sector in the Indian retail industry, growing at a rate of 9 percent annually and since 60 percent of the Indian grocery shopping consists of non-branded items, the branded food industry is trying to convert Indian consumers to branded products. The Food Retail Industry in India is dominant and food and beverage sales account for the largest percentage increase in retail sales every year.
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