Thursday, February 10, 2011

FUTURE GROUP TO GO WHOLESALE IN RURAL INDIA

The Kishore Biyani led Future Group with successful urban retail chains such as Big Bazaar and Pantaloons is now planning to capture the rural markets of India through the wholesale route.

The group made it’s first foray into rural retail by taking over the Godrej run Adhar Retail chain of stores in 2008. Adhar Retail  now currently operates 51 stores in Maharashtra, Gujarat , Punjab and Haryana. Future Group is now planning to open 50 wholesale stores in the next four year. These wholesale stores will be based in district headquarters and operate through 300 franchises each. The process of enrolling village franchises has already started through Adhar .

It is planned to enlist 20,000 franchisee outlets in villages that would be serviced by the wholesale stores.

MN01211

Wednesday, February 9, 2011

INDIAN ECONOMY TO GROW AT 8.6%

According to data released by the Central Statistics Office, the India economy is set to grow by 8.6 % in 2010-11. The growth figures for 2009-10 were 8%.
The farm sector has particularly shown a robust increas which stands at 5.4% in the current fiscal. This is against the growth of 0.4% in the previous year. Services sector growth is expected to be 9.6% and manufacturing sector at 8.8%.

Per capita income this year is estimated to grow by 17.3% and at current prices is estimated at US$ 1203.3 ( Rs 54148).

Tuesday, February 8, 2011

NEW CONSUMER PRICE INDEX

The Government has unveiled a National Consumer Price Index which reflects the changing lifestyles of both rural and urban consumers. The new CPI incorporates the price of serveral key services including telephone bills, education and recreation.  According to the Government, the new CPI for rural, urban and combined will be released in February.
The highest share of wallet being food is common for both the urban and rural consumers - though a rural consumers spends more than 50% of his income on food. Medical care and Fuel & Lighting also take a higher proportion of the rural consumer's wallet.
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