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ksampat | October 22, 2009
Organised retail making a mark
The organised retail segment in India is expected to witness better times ahead. It can be attributed to strong economic growth expected in future; likely change in consumer needs, growth expected in young population, working women population.As per the US Census Bureau, the young population in India is likely to constitute 53per cent of the total population by 2020 and 46.5 per cent of the population by 2050 — much higher than countries like the US, the UK, Germany, China etc. India’s demographic scenario is likely to change favourably, and therefore, will most certainly drive retail sales growth, especially in the organised retail segment.
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