Fact Sheet on India's Retail Trade Industry


Bangalore: Fact sheet on India's retail trade industry, in which the cabinet Thursday approved upto 51 percent foreign equity in multi-brand stores and chains. Size: Around $400 billion Projection by 2014: $900 billion Percentage share of organised segment in retail: 6 percent Share in GDP: 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.
Source: IANS