'Retail market in a state of positive momentum' - Technopak

27 Sep '08

2 min read

The Indian retail market constitutes about 60% of private consumption and 35% of India's GDP. Its total value is estimated to be about US $410 billion.

Industry experts positively assert that retail market is poised to grow at 7-8% in the forthcoming years and reach US $860 billion by 2018.

The sector has witnessed the consolidated interest, and efforts of both the domestic and the global players who in all have invested US $30 billion in the sector. These investments raise a positive hope about the growth of the industry by 25%.

One area which will lead to faster growth of modern retail is in building a world class supplier base in the country. Most of the current retailers are facing the problem of getting a quality and reliable supplier for their goods.

With the growth of modern retail, supplier base will continue to show impressive growth in the next few years. Furthermore, easing FDI rules will definitely bring many international players who are currently sitting on the fence to India.

It will also promote higher investments by international retailers like Walmart, Tesco & Metro. A lot of activity in the back-end sectors from aggregators, logistics and warehousing firms is also foreseen.

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