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Asheeta Chhabra | December 09, 2010
Contribution of Retail Sector in Indian Economy
The Indian retail market, which is the fifth largest retail destination globally, has been ranked as the most attractive emerging market for investment in the retail sector by the eighth annual Global Retail Development Index (GRDI), in 2009. The CII-AT Kearney retail study shows that retailing is the largest contributing sector to the country's GDP. The retail sector contributes about 10 percent to the GDP compared to 8 percent in China, 6 percent in Brazil and a matching 10 percent in the US.
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