Thanks to the entry of corporate, changing consumer behaviour & lifestyle, increasing influence of western culture and rising income, the Indian retail industry has seen phenomenal growth in the last five years (2001-2006) and organized retailing has finally emerged from the shadows of unorganized retailing and is contributing significantly to the growth of the overall retail sector, according to ""Booming Retail Sector in India", a market research report, which tracks the situation at the end of 2006.
Following are the Key Findings of the report:
- Organized retail market in India expected to reach US$ 50 billion by 2011.
- Number of shopping malls expected to increase at a CAGR of more than 18.9% from 2007 to 2015.
- Rural market projected to dominate the retail industry landscape in India by 2012 with total market share of above 50%.
- Organized retailing of mobile handset and accessories expected to reach close to Rs. 5000 Crore (US 1.2 billion) by 2010.
- Driven by the expanding retail market, third party logistic market forecasted to reach US$ 20 billion by 2011.
- Apparel, food and grocery, to lead the organized retailing in India.
The report should have an interesting perspective to foreign and Indian wine producers as more liberalization of wine sales through these channels would substantially add to the off trade sales.
Details at http://www.researchandmarkets.com/research/70c6ed/booming_retail_sec |