The time line of Indian economy resembles a chain reaction. Maybe it’s not just one reaction; but a combination of fissions and fusions. It started the IT&ITES boom, then Manufacturing boom, followed by the retail boom, now the rupee boom and finally retail boom. India has really gone all guns blazing.
Is it true?
According to the CEO of Retailer’s Association of India-“India will be among the top five economies in the world by 2025 and no marketer can afford to miss out on the India opportunity”.
According to the CII & Morgan Stanley report:
- Today, Indian retail market is worth Rs 10,00,000 crores ($235 billion) in which only
90,000 crores ($21 billion) is organized sector nearly 8.9% in worth but market size of its (organized retail sector is 3%).” - In next 2 years growth rate of ROS (retail organized sector) will be nearly 20%.
- 2 million direct jobs in the next two years.
- 20 per cent of organized retail employees would become tax-payers.
- More than 50 per cent of the total employees in modern retail would be women.
- Retail contribution is 30% in GDP.
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