Indian Retail Data
Ø India tops the annual list of most attractive countries for international retail expansion, according to AT Kearney's Global Retail Development Index 2006 Ø The $270-billion Indian retail market is growing at the rate of 13 per cent – and the organised segment grew nearly 48 per cent in 2006 at prevailing prices Ø Projected growth rate for the organised segment is about 40 per cent for year 2007 – and with major global players and Indian corporate houses entering the fray, this growth is likely to touch 45 per cent per annum over the next three years Ø Ø At 2003-04 constant prices, the size of the organised retail market is expected to be in excess of Rs 200,000 crore ($45 billion) by year 2010, which will make its contribution to total retail sales about 15 per cent. Currently, only 4.6 per cent of the market is organised Ø For organised players, the gaps of unused opportunities are glaring. The table below illustrates this point: Ø Food and grocery retail is by far the single l...