Retail Dude

RNCOS has recently added a new Market Research Report titled, “Booming Retail Sector in India”. India is one of the most attractive destinations for retailers from all across the globe. Thanks to the entry of corporate, changing consumer behavior & lifestyle, increasing influence of western culture and rising income, the Indian retail industry has seen phenomenal growth in the last five years (2001-2006) and organized retailing has finally emerged from the shadows of unorganized retailing and is contributing significantly to the growth of the overall retail sector, according to the new RNCOS report.

Key Findings:

- Organized retail market in India is expected to reach US$ 50 Billion mark by 2011.
- Number of shopping malls is expected to increase at a CAGR of more than 18.9% from 2007 to 2015.
- Rural market is projected to dominate the retail industry landscape in India by 2012 with total market share of above 50%.
- Organized retailing of mobile handset and accessories is expected to reach close to Rs. 5000 Crore by 2010.
- Driven by the expanding retail market, third party logistic market is forecasted to reach US$ 20 Billion by 2011.
- Apparel, along with food and grocery, will lead the organized retailing in India.

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