Sunday, November 15, 2009

India's Retail market

India is one the most targeted country for the retail world and global retailers are trying to enter into the Indian retail market. The market is growing at a steady rate of 11-12 percent and accounts for around 10 percent of the countries GDP and 8 percent of employment. The expected investment in the next 2-3 years will be Rs. 20-25 billion and over Rs. 200 billion by end of 2010. Indian retail market is considered to be the second largest in the world in terms of growth potential. Last decade only a few competitors were there. But due to high growth rate so many companies (i.e, Wall Mart, Reliance, Tata) are coming with huge investment

3 comments:

Cindy said...

India nodoubt has really great potentail, but it is scary within them the gap between rich and poor, their casts etc.

Rabbia Nasir Amin said...

yeahh, thats the irony.. even though India is one of the most aggressively emerging economies in the world and houses many of the richest people, the poverty over there is alarming.
According to the a 2005 World Bank estimate, 42% of India's falls below the international poverty line of $1.25 a day ( Rs. 21.6 a day in urban areas and Rs 14.3 in rural areas)and its all thanks to the cast system and lack of investment for the poor

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