The Future Of The Retail Industry In India

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complexes that offer shopping, entertainment and food all under one roof. The Indian retail industry has experienced growth of 10.6% between 2010 and 2012, the domestic apparel market, which was worth INR 207,400 crore (USD 38 billion) as of 2012. Food and Grocery is the largest category within the retail sector with 60 % followed by Apparel and Mobile segment. Modern retail in India could be worth US$ 175-200 billion by 2016. The Food Retail Industry in India dominates the shopping basket. The Mobile phone Retail Industry in India is already a US$ 16.7 billion business, growing at over 20 per cent per year. The future of the India Retail Industry looks promising with the growing of the market, with the government policies becoming more …show more content…

“Food and Grocery” and “Mobile and telecom” are the other major contributors to this segment. 2.3.3.2. Key drivers of retail growth in India The growing disposable income in the country is resulting in increasing consumer spending habits. A large young working population with age of 24 years, nuclear families in urban areas, along with increasing working women population and emerging opportunities in the services sector are going to be the key factors in the growth of the organized Retail sector in India. (Thambala, 2013) Factors driving the organized retail sector include the following: • Higher incomes driving the purchase of essential and non-essential products. • Evolving consumption patterns of Indian customers. • New technology and lifestyle trends creating replacement demand. • Increase in rural income as well as urbanization. • Increase in easy access to credit and consumer awareness. • Growth of modern trade format across urban, Tier I, Tier II and Tier III cities and towns. • Rapid urbanization and growing trend towards nuclear …show more content…

Women Retail Industry The INR 78, 500 crore (USD 14.4 billion) worth women’s wear market contributes 38% of the total apparel market of India. The growth of this market is more rapid than the menswear market. With the relatively lower penetration of brands, and the growing disposable income of modern women, this segment has become the focus of many Indian and international brands. Market Size and Growth Projections The women’s wear segment comprises various categories that include sarees, salwar kameez, innerwear, blouse, winter wear, sleepwear, tops/shirts, trousers, skirts, denim, T-shirts, etc. Indian ethnic wear, which includes saree, salwar kameez, and blouse, is the biggest category within the segment with a 75% share of the entire women’s wear market. The market is expected to grow at a CAGR of 9% for the next five years to reach a figure of INR 121, 400 crore (USD 22.3 billion) by

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