India Retail News

With the revival of economic growth from the second quarter of 2009-10 (GDP grew by 7.9 per cent), private consumption growth has returned (grew by 5.6 per cent), on the back on stronger consumer confidence. As a result, growth in organised retail has returned and we estimate the sector to have grown by 21 per cent in 2009-10. On the basis of various projections that India's GDP will grow at over 8 per cent in the coming years, return in consumer confidence and growth in private consumption tracking GDP growth, we expect organised retail to see 30 per cent plus growth in the coming years.