India Retail Show 2010

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The empowered Indian consumer and changing shopping patterns have paved the way for modern retailing in India. Multi- stored malls, huge shopping centers, and sprawling complexes which offer food, shopping, and entertainment all under the same roof are springing up in every corner of tier II and tier III cities.

Its growth in wholesale numbers for the industry as India tops the AT Kearney's annual Global Retail Development Index (GRDI) for the third consecutive year, maintining its position as the most attractive market for retail investment. The Indian retail market is the fifth largest retail destination globally and is the biggest industry in the country. According to estimates the Retail segment in India will grow from US$ 330 billion in 2007 to US$ 427 billion by 2010 and US$ 637 billion by 2015. Simultaneously, modern retail is likely to increase its share in the total retail market to 22 per cent by 2010.