Fact sheet on India’s retail trade industry

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.
IANS

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