Indian Retail - An Emerging Powerhouse

Retail in India, though a very old industry has seen rapid changes over the last 20 years. It is one of the world's most attractive, opportunistic and highly competitive sectors. Liberalized foreign investment resulted in massive restructuring of the Indian retail sector. To state further, FDI in Indian Retail will bring a drastic positive development in the future, as it is estimated that the Indian young population is likely to constitute 53% of the total population in 2020 and 46.5% in 2050 that is much higher than countries like US, UK, Germany, China, Brazil, France and Russia. The industry is expected to grow at a rate of 12% per annum for the next 5 years and $1.3 trillion in 2020. The report (EIU) also reveals that, India by 2022, shall be one among the six largest retail markets in the world.