Indian Retail, growing at a healthy rate of 16 to 19 percent, is expected to reach a size of 56.8 trillion rupees in 2016 of which about 11.1 percent will be modern retail. This report by IMAGES Research states that the immense long term potential of Indian retail still remains unquestioned despite retail like every other industry going through a periodic difficult phase. But with the consumption potential of the Indian market, strong undercurrents of a recovering world economy and clear indications from both government and industry, Indian retail will surely emerge stronger than ever before.
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