The Indian retail sector is expected to grow at a rate of 5.5% to $410 billion (around Rs 19,03,844 crore) by 2010 from the present about $300 billion, Assocham said on Monday. The chamber said that organized retail, which at present accounts for nearly 5 per cent of the overall retail market, is likely to touch $13 billion (around Rs 60,375 crore) by 2010 from $9.23 billion (around Rs 42,000 crore) currently. "The size of Indian retail sector is estimated to grow by a compound annual growth rate of 5.5%, to become $410 billion market by 2010," it said.
Courtesy:- ET dt:- 08/12/2009
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