India Retail News

The Indian retail market currently stands at USD 396 billion and is likely to grow further at 12%, to increase to USD 574 billion by 2015. This sector is the second largest employer after agriculture, employing more than 35 million people with wholesale trade generating an additional employment to 5.50 million more. The growing disposable income in the country is resulting in increasing consumer spending habits. The total retail spending is estimated to double in the next five years. Of this, organized retail - currently growing at a CAGR of 22% - is estimated to be 21% of total retail expenditure.