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As per estimates made by ASSOCHAM, the US$ 300 bn Indian retail sector, which has been notching YoY growth of almost 35% to 40%, is expected to surpass US$ 365 bn in CY08. Growth prospects are likely to face hurdles owing to factors such as restrictions on FDI (foreign direct investment), the lack of a uniform tax structure across states and increasing pressure on infrastructure in key consumer markets (logistics issue).
The retail sector is growing at a hasty pace, fuelled by a strong economy, favourable demographics, rising disposable income level and rapidly changing lifestyles and consumer aspirations of an ever-burgeoning middle class.
Retailers are taking benefit of this growth and accordingly are aiming to expand. The year 2008 may witness lot of activities such as joint ventures, expansion and capital raising to fund expansion plans. Further, the players will try to strengthen their back-end activity to ensure smooth functioning and to support the growth of the......
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Title: E Retailing
Approximate Word Count: 881
Approximate Pages: 4 (250 words per double-spaced page)
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