siliconindia | | NOVEMBER 20234Well, it is evident; Retail is a promising customer business landscape. Announcing its prominence in the world across nations & economies today, the Retail industry has undergone a major shift observing prolific growth and to which the tangent is ever scaling. India currently has the 4th Largest retail market in the world which is expected to reach $1.1Tn by 2027 and $2 Tn by 2032. While the field ranges across Food & Grocery, Apparel & footwear, and consumer electronics officiating its rich segments, constituting 63 percent, 9 percent and 7 percent respectively, what adds to its expansiveness is the attractive & large population who bear incessant market demand for products. India having the second largest population in the world, with a rising middle-income class, increasing urbanization, connected rural consumers and increased discretionary spending amongst consumers has much to seek. Especially digitization has further propelled the paradigm of retail with growing e-Commerce segment, introduction of newer formats, increasing institutional investment and entry of new global brands.Furthermore, with the growth that Indian retail sector has marked, post COVID market in 2022 taking a leap forward with sales and revenue multiplication, the Retail Franchises space is also witnessing addition of new leaders across sectors. We through our current edition, `10 Most Promising Retail Franchises ­ 2023' have strived to enlist the acknowledgeable leaders making a positive dent in the industry with their accomplishing services.Do read through and let us know your feedback!Mandvi SinghAssistant Editoreditor@siliconindia.com PublisherAssistant EditorAssociate EditorAlok ChaturvediMandvi SinghIndranil ChakrabortyVol 10 · Issue 08 - 02 · NOVEMBER, 2023Editorial TeamAvinash BarikHima P. MTejaswini PManager - DesignPrabhu Dutta A.R.N RayArt ManagerSuanya Chakraborty Designers Surbhi SumanVayshnavi P.DGM- Sales & MarketingShashi RanjanAdvertising ManagerJayashree Sadvertise@siliconindia.comEditorial Querieseditor@siliconindia.comCirculation Manager Magendran PerumalTo subscribeVisit: https://www.siliconindia.com/subscribe/or send email to subscription@siliconindia.comMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Silicon Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2023 Silicon Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.siliconindiaWhy Retail is a significant industry?Editorial
< Page 3 | Page 5 >