“The low penetration levels of organised retail in
Organised (modern) retail in India, though nascent, is growing at a fast pace, thanks to second highest rate of economic growth in the world, demographic profile leading to relatively young population with a high propensity to consume, and availibility of easy credit at reasonable interest rate, says a FICCI-Ernst and Young report.
Organised retail currently believed to be at $14 billion should at the current pace of growth at about 25% per annum should more than double to $30 billion in the next three years.
The report - Winning with Intelligent Supply Chains- released on Monday, reveals that the share of organised retail, currently accounting for 5% of the estimated $280 billion of retail market, is likely to increase to 30% of the total in the next 10 years.
Similarly, the boom in the retail sector would also witness a fast increase in the number of malls across the the country. According to the report, they will increase from 158 (in 2005) to 600 by 2010.
The report also points out to to a number of malaise that affect the sector. Among others, they include: lack of infrastructure, rising property prices, shortage of experts, lack of clear policies (specially on FDI), multiple taxes, and underdeveloped supply chain.
Click here
Click here
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment