India’s Retail Market Size

I attended a recent Investment in China and India Summit hosted by Financial Research Associates  I will use this forum to share some of the slide/insights that were given at this summit for the benefit of those hoping/thinking/planning on investing in an Asian country – China, India or Japan.

I learned that India’s retail market has the following characteristics.

1. India’s organized retail is projected to grow from 3% of the market to 10 -12% of market in the coming 4 years

2. 96% of the 12 million stores in India are less than 500 Sq.ft. That’s one room about 20′ x 25′.

3. Forecast growth rate for the retailing industry is roughly 8.3% for 2003-2008

4. Sales from large format stores would rise by 24 – 49%

5. Formal and modern format retailing would enjoy rapid growth – India has tons of growth opportunity.

That second characteristic is the one I found most interesting.

What do you think?

Source: Probitas

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