Prospects of Retailing - An Overview
Prospects of Retailing - An Overview Abstract With employment ranging from 8% to over 10% of the country's Gross Domestic Product, India's retail industry is the country's largest. Strong economic growth, changing lifestyles, and favourable demographic trends are anticipated to propel India's retail sector to a 25% annual growth rate. India's contemporary retail sector is projected to be valued US$ 175-200 billion by 2016. The retail sector in India is one of the fastest growing, with sales projected to reach US$ 320 billion by 2020 and rising at a pace of 5% per year. The retail sector in India is projected to expand by another 7-8 percent due to increasing urban consumption, rising earnings, and a sharp increase in rural consumption. For More Details About Prospects of Retailing - An Overview Please Visit Our Website https://mbareportsguru.com/prospects-of-retailing-an-overview/ Or call us +91 9481545735 Introduction The retail sector in India is the biggest, e...