Fact sheet on India’s retail trade industry, in which the cabinet, headed by Prime Minister Manmohan Singh, Thursday approved up to 51 percent foreign equity in multi-brand stores and chains.
Size of retail trade industry: Around $400 billion
Projection by 2014: $900 billion
Percentage share of organised segment in retail: Just 6 percent
Share in gross domestic product: Around 15 percent
Share in total employment: 8 percent
Foreign equity permitted in cash-and-carry: 100 percent
Foreign equity permitted in single brand retailing: 100 percent
Foreign equity permitted in multi-brand retailing: 51 percent
Date foreign equity first permitted in single brand: Feb 10, 2006
Date foreign equity permitted in wholesale with government approval: Jan 17, 1997.
Date foreign equity permitted in wholesale under automatic route: Feb 10, 2006
Global position of India: Ranked fourth best investment destination for retail by AT Kearney
Major Indian brands: Reliance Retail of Mukesh Ambani-led group, More of Aditya Birla Group, Shoppers Stop of Rahejas, Big Bazaar of Kishore Biyani’s Future Group, Mana Gromor Centers of Murugappa Group, Best Practice cash-and-carry of Bharti Walmart, Croma of Tata Group.
Best-selling items at Indian retail chains: Food, groceries, apparel, footwear and consumer electronics — in that order.