Fact sheet on India’s retail trade industry
November 24th, 2011 - 10:45 pm ICT by IANS
Fact sheet on India’s retail trade industry, in which the cabinet, headed by Prime Minister Manmohan Singh, Thursday approved up to 51 percent foreign equity in multi-brand stores and chains.
Size of retail trade industry: Around $400 billion
Projection by 2014: $900 billion
Percentage share of organised segment in retail: Just 6 percent
Share in gross domestic product: 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.
- India opens doors to global retail chains (Roundup) - Nov 24, 2011
- Finance ministry okays FDI in multi-brand retail - Nov 17, 2011
- FDI in multi-brand retail will help curb inflation: Basu - May 27, 2011
- French retailer Carrefour opens first wholesale store in India - Dec 30, 2010
- FDI in retail could help consumers, farmers - Feb 25, 2011
- Top retailers seek 51 percent FDI in multi-brand retail - Aug 12, 2010
- BJP blocking key economic reforms: PM - Jun 30, 2011
- 'Efforts on to allow FDI in multi-brand retail' - Mar 16, 2012
- 'Big-ticket reforms can alter perception of policy paralysis' - Nov 20, 2011
- 'Decision on foreign equity in multi-brand retail in six months' - Jun 03, 2011
- Battle ahead for government in allowing foreign retailers - Aug 29, 2010
- No change in India's foreign investment policy in retail - Nov 08, 2009
- Bharti Walmart planning more wholesale stores, Punjab is focus - Aug 06, 2010
- Government to talk to states on FDI in multi-brand retail - Oct 27, 2010
- Comments from India Inc. on foreign equity in retail trade - Nov 25, 2011
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