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Sunil Sachdeva | June 04, 2010
Collaborate to Offer Better Value
Offering value requires huge investment; partnerships can be usefulDriven by changing lifestyles, strong income growth and favourable demographic mix, the Indian retail sector is on the cusp of exponential growth. It is expected to rise to USD 833 billion by 2013; growing further to USD 1.3 trillion by 2018. This would be a compound annual growth rate (CAGR) of 10 per cent according to a report commissioned by India Brand Equity Foundation (IBEF) and AT Kearny. Consumer spending has risen sharply across segments. The youth population has seen a significant increase in disposable income and a marked shift in spending habits.
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