Re­tail likely to grow to $1.3 tril­lion by 2020: Anarock

Shoes & Accessories - - The Month That Was -

In­dia’s re­tail seg­ment is on a faster roll than be­fore. Rapid ur­ban­i­sa­tion, digi­ti­sa­tion, ris­ing dis­pos­able in­comes and life­style changes are boost­ing the sec­tor, which is pro­jected to grow to $1.3 tril­lion in 2020 from $672 bil­lion in 2017, ac­cord­ing to Anarock Prop­erty Con­sul­tants.

Over the past two decades, the In­dian re­tail mar­ket has trans­formed to large mul­ti­for­mat stores in malls of­fer­ing a global ex­pe­ri­ence and on to the highly tech-driven ecom­merce model.

“High de­mand for a su­pe­rior cus­tomer ‘ex­pe­ri­ence,’ pen­e­tra­tion of big brands into smaller towns and cities, en­hance­ment in busi­ness strate­gies and op­er­a­tions, along with the move­ment from un­or­gan­ised to or­gan­ised busi­ness have been key fac­tors driv­ing this growth,” said Anuj Ke­jri­wal, MD of Anarock.

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