Sunday, July 24, 2011

FDI in multibrand retail almost here.

So whats the impact on the independent neighborhood retailers (kirana stores in India)

Out of a total retail size of $600 billion in India, 96 per cent constitutes the unorganized/self-employed segment. According to Kumar, in the next 15 years, the unorganized retail sector is likely to be 85 per cent of the total pie. However, as the total size of the market would increase, the unorganized segment will still be worth around $500 billion. “So, it will be a misplaced argument to talk about decline of the unorganized retail sector,” according to Kumar.


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