Private Consumption and Retail

The country's dynamic retail landscape presents a grand opening to investors from across the globe, to use India as a strategic business hub. With the changing face of retail, the indian consumer is in for a rapid transformation. With retail spending growing at a double digit, the current prices are scaling up. The share of organised retail was expected to be 5.9% in 2007,but this modern retail segment grew at the rate of 42.4% in 2007 and is expected to maintain a faster growth rate over the next 3 years, especially in view of the fact that major global players and Indian corporate houses are seen entering the fray in a big way. Consumer spending is ultimately pushing the economy into a growth and liberalisation mode. The indian market is becoming bolder day by day with the economy now expected to maintain its growth at over 8-9 percent and average salaries being hiked by about 15%, there will be lot more consumption.