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the industries, accounting for over 10 per cent of the country GDP and around 8 per cent of the employment.
y The Retail Industry in India has come forth as one
of the most dynamic and fast paced industries with several players entering the market
Retail Growth
y Retail and real estate are the two booming sectors of India in the present times. And if industry experts are to be believed, the prospects of both the sectors are mutually dependent on each other. y Retail, one of India largest industries, has presently emerged as one of the most dynamic and fast paced industries of our times with several players entering the market.
GDP in india
y Indian retail sector accounts for 22% of the
country's GDP and contributes to 8% of total employment y Hypermarkets, currently accounting for 14% of mall space are expected to witness high growth y Demographic dividend with over 50% of country populace under 25 years of age is a prime driving factor for modern retail sector
opportunities
y Retailing in India is gradually inching its
in terms of format and consumer buying behavior, ushering in a revolution in shopping in India.
Mall in india
challenges
y Retailing in India is currently estimated to be a US$ 200 billion industry, of which organized retailing makes up a paltry 3 percent or US$ 6.4 billion. y By 2010, organized retail is projected to reach US$ 23 billion.
y Challenges to the manufacturers and service providers would abound when market power shifts to organized retail.
Retail in india
Retail in india
y Independent retailers had the lion's share at 83% y Regional-based advertising by retail outlets
South zone channels garnered 56% of ad volumes y Nearly half of the advertising share contributed by GECs y Subhiksha and Saravana Stores were the top 2 retailers y Future Group's Home Town topped among the new retail outlets launched
Indian market
y Over past 5 years, India has moved from culture of Traditional Street Retail
Markets to a Shopping Centre Culture. Over next decade India s Urban Markets could grow by over Ten Times. One year ago less than 5% of Indian retail facilities were within Organized Shopping Centers. Rate of Shopping Center development grew by 37%in 2007. Expected to grow by a further 42%in 2008. In urban markets such as Delhi s Gurgaon, Retail Spending Power is growing at 24%per annum. First Wave of Indian Shopping Center development have evolved as Enclosed Vertical Malls.
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