Indian Retail Industry is undergoing a major transformation and is in the cusp of a new revolution. With 7 per cent Organized Retail spreading its tentacles, the sector is undergoing new challenges. Retailers are shifting from Value Retailing to Life Style Retailing. Increased disposable incomes, changing lifestyles, are reinventing the way Retailers to experiment with new formats & categories. The penchant for trying international cuisine is changing the offerings at the Retail shelf. Gourmet retail space has been witnessing rapid expansion over the years with a Compound annual growth rate [CAGR] of 20% because India is one of the hottest destinations for foreign investors and the fact that more and more Indians are getting fascinated to the International Gourmet cuisine. The current market size is $1.3 billion is expected to grow up to USD 2.74 billion by 2015.
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