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Date added: February 8, 2006
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The US$ 6.1 billion Indian foods industry, which forms 44 per cent of the entire FMCG sales, is growing at 9 per cent and has set the growth agenda for modern trade formats. Since nearly 60 per cent of the average Indian grocery basket comprises non-branded items, the branded food industry is homing in on converting Indian consumers to branded food...
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In comparison, the consumer electronics and appliance market looks paltry, at just US$ 5.6 billion, with growth rate just half of the mobile market, and that too in a good year.
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