“Since we are already in the service industry, this is a natural extension of offering an international experience albeit in the luxury market catering to an older target audience. We are geared to providing a comprehensive world class experience and we are very sure our patrons will enjoy this new offering.” […]
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- Reliance ‘Fresh’ unveils a new high-end sub-format called “Signature”; ties up with Brindco to sell fine wines
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India Retail Biz
IndiaRetailBiz attempts to capture excitement of Retail Business in India by aggregating the best in news, views, research, analysis, trends, technology, and every thing else that is timely, authentic and relevant to the retail sector. -
Quick Stats (Indian Retail)
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Markets
- Market size (total) 2006: US$ 300 bn/annum
- Market size (total) 2010: US$ 427 bn/annum
- Market size (total) 2015: US$ 637 bn/annum
- Market size (modern retail) 2006: US$ 9-12 bn/annum
- Market size (modern retail) 2011: US$ 60 bn/annum
- Annual rate of growth (modern retail): 35%
- Penetration (modern retail) 2006: 3 to 4%
- Penetration (modern retail) 2010: 10%
- Number of retail outlets (total): 12 million Investment
- New Investment by 2011: US$ 30 bn Employment
- No. of persons employed (total): 21 mn
- No. of new jobs in next two years: 2 mn. Wealth
- No. of dollar designated millionares in India(2006) 100,015 Retail Space
- Typical space per outlet: 100 to 500 sq.ft.
- Space occupied (modern retail): 35 mn sq.ft.
- Operating Malls 2007: 114 (35 mn sq.ft.)
- New Malls under construction: 361 (117 mn sq.ft.)
- New space distribution: 65% (top 7 cities), 35% (tier II & III cities)
- New space distribution (among top 7 cities): NCR 34%, Mumbai 23%, Rest 43%
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