India Retail News

The first half of 2011 witnessed heightened activity in the Indian retail industry, buoyed by increasing transaction activity and surging retailer interest. Many leading brands and retailers had started to renew expansion plans by the end of 2010, a move heightened in the first half of 2011. Various established brands and other national as well as international retailers continued with their expansion plans across the country. A positive economic outlook, surging consumer confidence and spending helped the market maintain its pace of recovery from the downturn. Almost 6 million sq ft of organized retail mall space was added to the country in the first half of 2011.