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Essay heading: india retail industry
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Business |
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| Date added: |
July 15, 2004 |
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2 / 299 |
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Since at present 60% of the Indian grocery basket consists of non- branded items.
India retail industry is progressing well and for this to continue retailers as well as the Indian government will have to make a combined effort.
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It is expected that by 2016 modern retail industry in India will be worth US$ 175- 200 billion. India retail industry is one of the fastest growing industries with revenue expected in 2007 to amount US$ 320 billion and is increasing at a rate of 5% yearly. A further increase of 7-8% is expected in the industry of retail in India by growth in consumerism in urban areas, rising incomes, and a steep rise in rural consumption...
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