India
The Indian retail market is the fifth largest retail
destination globally. The current size of the Indian retail industry stands at
$511 billion in 2008. Simultaneously, modern retail is likely to increase its
share in the total retail market to 22 per cent by 2010. Organised retail in
India raked in US$ 25.44 billion turnover in 2007-08 as against US$ 16.99
billion in 2006-07, a whopping growth rate of 49.73 per cent (according to the
Credit Rating and Information Services of India). Organised retail has
increased its share from 5 per cent of total retail sales in 2006 to 8 per cent
in 2007. India has one of the largest numbers of retail outlets in the world.
Of the 12 million retail outlets present in the country, nearly 5 million sell
food and related products. Though the market has been dominated by unorganised
players, the entry of domestic and international organised players is set to
change the scenario. Per capita retailing space is about 2 sq. ft (compared to
16 sq. ft in the U S). India's per capita retailing space is thus the lowest in
the world. Around 7% of the population in India is engaged in retailing, as
compared to 20% in the USA.
Statistically, the global retail industry is witnessing a
CAGR of 5.5% is slated to grow at the same rate till 2009. The following graph
shows an overall trend of the global retail revenues.

