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Topic : Budgeting in time of recession
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Retail & Supply Chain Professionals

 

Recession an opportunity for Indian retail industry

Created by : Akhilesh Majumdar, Logistics Manager, Tesco  | 06 15 2009 07:22:25 +0000
Industry : Retail Chain/LogisticsFunctional Area : Recession(Personal Interests)
Keywords : recession retail industry opportunity
Activity:  289 views;  last activity : 07 06 2010 20:18:09 +0000

According to me,in this period of recession,where the whole world is facing economic crisis, India is maintaining itself as an attractive destination for retail industry and foreign investments. Change in the buyer behavior and shopping trends have lured international giants, who are at the wings seeking entry into the Indian market. Indian retail industry accounts for 10% of the country's GDP, and is expected by industry analysts to grow by $427 billion by 2010.I would like to know from you people, whether we can say recession did not create much damage to the retail industry in India?

  
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India has stepped in the exuberant age of retail. It ranks second after Russia as the most alluring destination for retailers among 30 emerging markets.Change in the buyer behavior and shopping trends have lured international giants, who are at the wings seeking entry into the Indian market. Indian retail industry accounts for 10% of the country's GDP, and is expected by industry analysts to grow by $427 billion by 2010..It has been effected by the recession in a negligible amount.So i think the recession did not cause much damage to indian retail industry
By Akhilesh Majumdar, Logistics Manager, Tesco  | 06 15 2009 07:22:25 +0000
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