What is happening in India - by the CEO of Walmart India ?
This article tell us in just few lines what is going on in India in the retail industry.
Here are the key points:
1- India is one of the most exciting market worldwide today because it is growing crazily
2- Modern retail (supermarket) is going to reach 25 % of retail sales from the current 10 % in the next 5 to 8 years
3- E-commerce, on the same period, is expected to double its share to 10 to 12 % of total retail sales.
3- This growth is fueled by the youth (70 % of the country population is less than 35 years old), the rise of the internet penetration and the government measure to improve business and investment climate
Kiranas (independent very small street shop to small shops in India) will also play a key role in the touch points for the e commerce players to touch the consumer on the last km.
All of this growth will boost for sure the growth of the Indian economy…