Wednesday, August 19, 2009

India Retail Industry: Hopes and wishes are certainly quite high

Survey and market research companies certainly need to teach the whole world the meaning of staying optimistic amidst situations which feel otherwise.

The retail sector in the India sub continent has certainly felt the brunt of recession right from its onset to this day. There have been many companies which have stopped functioning and many dreams have been put to dust.

On the realistic front, and also being absolutely impartial, it can be said that the situation is certainly one which is showing signs of revival. However, a certain research company feels that the retail industry in India in the current fiscal year will certainly witness a refreshing change in its fortune.

The figures that will be put forward in the following paragraph are all results of the research conducted by the research company and are subject to change at any time. However, they certainly do give a picture echoing the enthusiasm of the company.

It is being estimated that the monetary growth of the industry will be a stupendous one and the total worth of the Indian retail industry by the year 2010 will be Rs. 18,10,000 crore. A total amount of Rs. 2, 30,000 out of the amount of Rs. 18,10,000 will be taken by the organised sector. In other words, about 13 percent of the total monetary worth will be constituted by the organised retail sector.

According to the report that has been furnished by the research company, the above findings are based on the rising economic growth rate of 8 to 9 percent and a hike of 15 percent in the average salary. The latter is most likely to start of a new trend of consumption.

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