MARKET SIZE & GROWTH
The world retail market is worth ₹102,750 crore (US$ 17.13 billion), growing at 1213 percent. This is expected to reach ₹144,323 core (US$ 24.05 billion) by 2017. Modern retail is estimated to be 19 percent of this total market and is expected to grow at 2427 percent. Retail expansion grew at 16-21 percent in terms of number of retail outlets and retail space with same store revenue growth being around 15 percent, according to India Retail Report.