Indian retail sector to grow to about $900 b. by 2014: PwC

45

New Delhi: With rising disposable incomes, expansion of stores and supporting economic factors, Indiaโ€™s retail sector is expected to grow to about $ 900 billion by 2014, according to a report by global consultancy and research firm PricewaterhouseCoopers.

The report titled โ€” Strong and Steady 2011 โ€” which provide an outlook for the retail and consumer products in Asia suggests that retail sales in India, currently estimated at about $ 500 billion.

While the report did not specify the value growth, it said in terms of volumes, retail sales in India would grow at an average of four percent between 2010 and 2014.

It cited rising incomes, increase in urbanization and a variety of new stores, including international brands opening their outlets in India, as the growth drivers.

- Advertisement -