The Indian retail sector is highly fragmented with over 12 million modest, unorganized shops. Even so, structured retail is growing swiftly, believed to triple in size to $24 billion by 2010. Modern day retail formats are spreading from city to rural spots and deepening their presence throughout India.
The retail sector in India is big and developing rapidly. It can be presently the fifth major retail current market on earth and is predicted to expand by twenty five-30% per year. Retail has two varieties - organized which includes stores, shops, and supermarkets, and unorganized which includes Road sellers and marketplaces.
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