Retail In India
A $350-400 billion industry, A mean of earning livelihood for millions and one of the most booming sectors among all.
Today we are going through an age of retail revolution in India. A lot of factors are responsible for this, but the major ones include
• Increase in disposable incomes
• Better infrastructure
• Better quality at reasonable prices
The growth prospects of Indian retail industry are gigantic. Pundits estimate that it will burgeon into a $1-1.2 trillion industry by 2015 i.e. a two fold increase in a short span of 5 years.
The rapid growth rate of retail industry has made India a cynosure to the world. The leaders of retail in International market are pouring in funds in Indian retail like never before. They want to hit the nail right on its head but the Govt. of India has put some cap over FDI to save the interest of small retailers.
The current scenario allows up-to
• 100% FDI in cash and carry stores
• 51% FDI in single brand stores
• 0% FDI in multi brands stores
Cash and carry stores provide opportunities of infrastructure development without hurting the interest of small retailers to a great extent as it’s mainly composed of wholesale business.
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