The Indian retail sector is very fragmented with about 12 million compact, unorganized merchants. Nonetheless, structured retail is increasing quickly, believed to triple in dimension to $24 billion by 2010. Modern-day retail formats are spreading from urban to rural parts and deepening their presence throughout India.
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Whilst arranged retail now tends to make up only about 4% of the marketplace, it is actually projected to boost considerably in excess of the approaching decades, driven by aspects like climbing incomes, urbanization, and demand from customers for global brand names. The market faces both equally strengths similar to a growing economic system and labor pool, and weaknesses for instance lack of infrastructure and retail management expertise.
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The report contains an introduction about the evolution of retail in India and an outline of The expansion of the organized retail sector. In addition, it addresses the growth on the Indian overall economy and retail field.
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