Retail
Last Updated: October-December 2008
The Indian retail market is literally on the go. The share of retail trade in the country's gross domestic product was between 8–10 per cent in 2007. It is currently around 12 per cent, and is likely to reach 22 per cent by 2010.
The Indian retail market, which is the fifth largest retail destination globally, was ranked 2nd after Vietnam as the most attractive emerging market destination for investment in the retail sector, by AT Kearney's seventh annual Global Retail Development Index (GRDI), in 2008.
According to a study by ASSOCHAM, Indian retail will touch US$ 365 billion in 2008, against US$ 300 billion in 2007. With a year-on-year growth of 30–35 per cent, the sector is likely to touch US$ 440 billion by 2010. By 2015, the retail sector is projected to overtake the US$ 650 billion mark, and organised retail will cross the US$ 130 billion mark. The study also estimated that the organised retail segment would see an investment of US$ 25 billion–28 billion in 2008, which would touch US$ 70 billion by 2010. The organised segment will account for 25 per cent of the total sales by 2011.
Commercial real estate services company CB Richard Ellis' findings state that India's retail market, is currently valued at US$ 511 billion, and is poised to grow to US$ 833 billion by 2013. The report further stated that organised retail that currently accounts for less than 5 per cent of the total retail market is expected to register a compound annual growth rate (CAGR) of 40 per cent and swell to US$ 107 billion by 2013.
A report by global consultancy AT Kearney said "The consumer spending in India has increased by an impressive 75 per cent in the last four years and will quadruple in the next ...