* Maharaja Agrasen Institute of Management & Technology, Jagadhri, Haryana, (India),e-mail id -surendergupta1978@gmail.com
** Mukand Lal National College, Yamuna Nagar, Haryana, (India),e-mail id -surendergupta1978@gmail.com
***Shivaji College, University of Delhi, Delhi, (India),e-mail id -chdhrykiran@yahoo.co.in
‘The Indian retail market, which is the fifth largest retail destination globally, has been ranked the second most attractive emerging market for investment after Vietnam in the retail sector by AT Kearney's seventh annual Global Retail Development Index (GRDI), in 2008. The share of retail trade in the country's gross domestic product (GDP) was between 8–10 per cent in 2007. It is currently around 12 per cent, and is likely to reach 22 per cent by 2010. A McKinsey report. ‘The rise of Indian Consumer Market’, estimates that the Indian consumer market is likely to grow four times by 2025. Commercial real estate services company, CB Richard Ellis' findings state that India's retail market is currently valued at US$ 511 billion. Banks, capital goods, engineering, fast moving consumer goods (FMCG), software services, oil marketing, power, two-wheelers and telecom companies are leading the sales and profit growth of India Inc in the fourth quarter of 2008–09. India continues to be among the most attractive countries for global retailers. At US$ 511 billion in 2008, its retail market is larger than ever and drawing both global and local retailers. Foreign direct investment (FDI) inflows as on January 2009, in single-brand retail trading, stood at approx. US$ 25.18 million, according to the Department of Industrial Policy and Promotion (DIPP). In this paper an attempt has been made to analyze the growth of Indian retail industry.
