Edi­tor’s Note

Progressive Grocer (India) - - Editor’s Note -

Mod­ern re­tail in In­dia – whose pen­e­tra­tion is set to in­crease sub­stan­tially from the cur­rent 19% to 24% in the next three years – is pass­ing through an ex­cit­ing phase. The sec­tor is ex­pected to reach Rs. 1,71,800 crore from the cur­rent Rs. 87,100 crore across the top six re­tail mar­kets of the coun­try, and has been at­tract­ing keen in­ter­est from over­seas play­ers and in­vestors.

In­dus­try in­tel­li­gence sug­gests that more than 50 mid-rung global re­tail­ers are plan­ning to en­ter In­dia within the next six months, with an eye on tap­ping mostly smaller, un­der-served mar­kets within the coun­try. Of the in­com­ing brands, 18 are in food and bev­er­age space alone. By 2020, food & gro­cery seg­ment is ex­pected to ac­count for 66 per cent of the to­tal rev­enues in the re­tail sec­tor.

This grow­ing en­thu­si­asm of play­ers is based on the mar­ket po­ten­tial. In a re­cent de­vel­op­ment, In­dia has re­placed China to be­come the most promis­ing re­tail mar­ket in the world. Govern­ment ef­forts to boost cash­less pay­ments and fur­ther sim­plify the na­tion­wide goods and ser­vices tax are also ex­pected to ac­cel­er­ate the adop­tion of mod­ern re­tail.

Our re­cently con­cluded an­nual mega re­tail in­tel­li­gence con­gre­ga­tion this year – In­dia Re­tail Fo­rum – per­fectly cap­tured all the ac­tion tak­ing place in our re­tail uni­verse. Over 100 top global and In­dian re­tail­ers par­tic­i­pated in the con­clave where they ex­changed views on present-day chal­lenges, op­por­tu­ni­ties ahead, and the strate­gies for un­leash­ing the sec­tor’s true po­ten­tial. Turn the pages to read what these lead­ers said about In­dia’s dy­namic re­tail land­scape.

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Amitabh Taneja Edi­tor-in-chief

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