The story of Indian retail is a complicated one. To put things in perspective, about 40% of the country’s total GDP of $1 trillion comes from retail sales to Indian consumers. The local, one-off corner stores account for more than 94% of this total retail sales of around $400 billion. So-called organised retail that can be defined as a chain of anything more than 3-4 stores backed by an Indian entrepreneur or promoter, accounts for only 6% of total retail sales. This category includes names such...
Full Story: The Times of India
