Retail: Wholesale Growth

Indian retail market is the fifth largest retail destination globally.

The industry ranked in $ 25.44 billion turnover in 2007 -08 as against $16.99 billion
in 2006-07, a whopping growth rate of 49.73 per cent.
The industry is estimated to grow from the $ 330 billion in 2007 to $ 427billion by 2010 and $
637 billion by 2015.Modern retail is likely to increase its share in the total retail market to
22percent by 2010.India has one of the largest number of retail outlets in the world. Of the12
million retail outlets present in the country, nearly 5 million sell food and related products.
Organised retail has increased its share from 5 per cent of total retail sales in 2006 to 8
per cent in 2007.The fastest growing segments have been the wholesale cash and carry s t or e s
( 150 p er c ent ) f ol l o we d b y su per mar ket s ( 10 0 per ce nt ) and hypermarkets (7580 per cent).
The organised segment is expected to account for 25 per cent of the total sales by
2011.There is a paradigm shift from traditional forms of retailing into a modern organized
sector.
Mall space, from a merger one million square feet in 2002, is expected to touch 40 million
square feet by end-2007 and an estimated 60 million square feet by end-2008.
The number of operational malls is estimated to be more than double to over 412 with 205
million square feet by 2010 and further 715 malls by2015, on the back of major retail
developments even in tier II and tier III cities in India. India's luxury market, estimated to be the
12th largest in the world. It is growing at the rate of 25 per cent per annum.
The Indian luxury retail market is estimated to leap-frog from around $3.5 billion to $ 30 billion
by 2015.The branded segment comprises $ 701.7 million of the total kids' apparel market-size of
over $ 3 billion.
Kids' retailing segment is expected to touch annual growth of 30-35 per cent.
Internet promotes e-tailing-the online version of retail shopping. An estimated 10 per cent of the total
e-commerce market is accounted by e-tailing. The e-tail market is estimated to grow by 30
percent to $ 273.02 million in 2007-08, from $ 210.01 million in 2006-07.
Retail franchising has been growing at the rate of 60 per cent in the last three years and is set
to grow two-fold in the next five years.
Rural retail market is estimated to cross $ 45.32 billion mark by 2010 and $ 60.43
billion by 2015India's vast middle class with its expanding purchasing power and its almost
untapped retail industry are key attractions for global retail giants wanting to enter new
markets.