Retail

Retailing is one of the pillars of the economy in India and accounts for 13% of GDP. India retail sector comprises of organized retail and unorganized retail sector. Total retail sales in India will grow from US$ 395.96 billion in 2011 to US$ 785.12 billion by 2015, according to the Business Monitor International (BMI) India Retail Report for the second-quarter of 2011. Strong underlying economic growth, population expansion, the increasing wealth of individuals and the rapid construction of organized retail infrastructure are key factors behind the forecast growth. China and India are predicted to account for more than 91 per cent of regional retail sales in 2011, and by 2015 their share of the regional market is expected to be at least 93 per cent. Organized retail in India is expected to increase from 5 per cent of the total market in 2008 to 14-18 per cent and reach US$ 450 billion by 2015. India has also been ranked as the third most attractive nation for retail investment among 30 emerging markets.

Clientele:

  • Mass Retail.
  • Multichannel Retail.
  • Specialty Retail.
  • Luxury/ Fashion.
Functional Areas: