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| Topic: |
History
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| Number of pages / Number of words: |
20 / 5594 |
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As can be seen from the figure 2.1, the organized sector constitutes 5.9% of the USD 332.8 billion Indian retail industry. The retail sector is expected to grow at an annual rate of 10.8%. The organized retail segment grew at the rate of 42.4 percent in 2007, and is expected to maintain a faster growth rate over the next three years, in view of the fact that major global players and Indian corporate houses are entering the fray in a big way...
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Even at the going rate, organized retail is expected to touch US $57.5 billion (Rs 2,300 crore) by 2010, constituting roughly 13 percent of the total retail market.
India’s peers, such as China and Brazil, took 10-15 years to raise the share of their organized retail sectors from 5% when they began, to 20% and 38% respectively...
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