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February 4, 2014
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The organized retail however is at a very nascent stage though attempts are being made to increase its proportion to 9-10% by the year 2010 bringing in a huge opportunity for prospective new players 1. The sector is the largest source of employment after agriculture, and has deep penetration into rural India generating more than 10% of India's GDP 2...
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The sector is the largest source of employment after agriculture, and has deep penetration into rural India generating more than 10% of India's GDP 2.
Source: Ernst &Young, The Great Indian Retail Story, 2006.
A look at the statistics shows that the retail sector in India is worth USD 394 billion and is growing at the rate of 30% annually...
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