Thursday, September 07, 2006

With festivities knocking on the door, retail behemoths are all set to beckon the consumer...

IIPM PUBLICATION
This party has been reserved exclusively for India Inc. And they are making the most of it, for sure. After all, retail is universally being touted as the next giant wave in India which is ranked as the 12th wealthiest nation by the World Bank and 4th in terms of purchasing power parity. No wonder, in a country where the ‘festivities never end’, it’s festival time (since the onset of Navratras) when consumers are fanatically busy to bag the smartest deal in the season. With India emerging as the best retail market (ranked number 1 by A. T. Kearney Global Retail Development Index 2005) with definite conviction, retail sector is going to be on the epicentre of this festive season.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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