Retail Sector in India: Report on Overview, Branded Retail, Rural Retailing, Retail Formats, Retail Companies, Retailing in Small Towns
Title
Date
No of pages
Summary of Retail Scene in India - Updated April 2009
April 2009
25
The Retail Industry in India, which was booming till 2008, due to a growing middle class, younger population and increased disposable incomes and consumer spending is now experiencing a slowdown due to the economic downturn and spiralling real estate prices.
India still heads the list for retail investment and number two in the Emerging Opportunities for Global Retailers according to a recent report by AT Kearney. India’s retail market was pegged at US$511 billion in 2008 and is expected to grow at CAGR of 40%.
And despite the economic downturn, mass consumer goods and services retail, still remain unaffected. Several international companies, like Metro, Marks & Spencer, Shoprite, Lifestyle, Walmart, Carrefour and Tesco are already present or are expected to invest in India as wholesalers or franchisees or through joint ventures with Indian Retail companies.
The big Indian Retail companies like the Wadia Group, the Future Group, Tata (Star India Bazaar), Reliance, RPG have all invested heavily and have put in place ambitions plans to gain a firm footing in the retail space.
As per reports in late 2007, India is set to see approximately 300 new malls, 1500 supermarkets, and 325 departmental stores. The current slowdown and resulting resource crunch will perhaps impact these numbers, but it is likely that most of these projects will see the light of day.
This report on the Retail Industry in India gives a complete overview of the Retail Sector in India, the various retail formats and branded retailers, rural retailing, retail market in large metros and the small town retail phenomenon.
It also provides an insight into the Indian consumer – the purchasing power of the young, the growing women workforce in India and its implications on the Retail Industry.
The report also analyses the entry of International players in the Indian Retail Industry and the implications of their entry on the Retail Sector in India.
The report also delves into the various retail segments like Food & Grocery Retail, Apparel and Accessories Retail, Retail of Consumer Durables, Retail of Lifestyle and Luxury products, Home Furniture and Household Goods Retail and the emerging Kids’ Retail Market in India.
This report has been updated in 2009 and has valuable insights and additions to the reports brought out in 2008 and 2007.
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