Retail market set to double in 3 years to $30 billion

from economictimes.indiatimes.com

The organised retail market is set to double in the next three years to $30 billion, says a FICCI-Ernst & Young report on retail sector. Also, according to the report, the organised sector, which today accounts for a meagre 5% of the total retail market may increase its share to 30% in the next 10 years.

“Without a strong supply chain, it would be impossible to have a successful retail venture. The key to efficiency in today’s supply chain is the adoption of standards that can be benchmarked with global best practices,” said Bharti Enterprises managing director Rajan Mittal, while releasing the report ‘Winning with intelligent supply chains’.

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