Organised retail in India is still in its nascent stage and hence offers immense potential. India currently has a small 6% penetration in organised retail , while a country like the US has a high 85% penetration. Given that there is a double digit economic growth projection for India in the following decade, the future has immense potential for the growth of organised retail in India.
The chart below shows retail penetration across some countries.
Source : E&Y Report, Aranca Research
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Retail penetration is the key to any successful product. It is also one of the single most difficult tasks for any new company to achieve for their products.
ReplyDeletechart that you have shown here is very interesting..it shows that unorganized retail is ruling in India..
it would be nice if you can share retail updates in 2012 ..??
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