Buy custom Organised retail in India-MBA Economics paper
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2362 |
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Rapid economic growth has resulted in greater disposable incomes for the booming Indian middle class. Disposable incomes are expected to rise at an average of 8.5% p.a. till 2015 . Higher numbers of working women have also increased both consumption and purchasing power. Real GDP grew at an annual rate of 9...
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Disposable incomes are expected to rise at an average of 8.5% p.a. till 2015 . Higher numbers of working women have also increased both consumption and purchasing power. Real GDP grew at an annual rate of 9.4% in the fiscal year 2006 (ending March 2007), the fastest expansion for 18 years .
Real GDP growth and annual household disposable income (at constant 2001 prices): 2001-2006
Source: Euromonitor International from IMF and national statistics
Demographics:
A tidal wave of young adults are entering India's consumer society with rising aspirations, new lifestyle requirements and an insatiable demand for consumer brands...
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