The report states,
In India, the growth of store brands is a function of increasing retail sophistication. Large-format, modern retail stores (known as the "organized" retail sector) -- as opposed to smaller, traditional "mom and pop" stand-alone stores -- are presently only a small portion of total retail in the country. A report by investment bank Northbridge Capital, titled "Indian Retail Research 2009," estimates the total Indian retail market at US$450 billion, growing more than 30% a year and expected to cross US$720 billion in 2011. Of this, organized retail accounts for just 14%, or US$63 billion -- although this sector is expected to grow 40% faster than the overall market to reach US$90 billion in 2010.
In India, the growth of store brands is a function of increasing retail sophistication. Large-format, modern retail stores (known as the "organized" retail sector) -- as opposed to smaller, traditional "mom and pop" stand-alone stores -- are presently only a small portion of total retail in the country. A report by investment bank Northbridge Capital, titled "Indian Retail Research 2009," estimates the total Indian retail market at US$450 billion, growing more than 30% a year and expected to cross US$720 billion in 2011. Of this, organized retail accounts for just 14%, or US$63 billion -- although this sector is expected to grow 40% faster than the overall market to reach US$90 billion in 2010.
What do you think of the surge in private label goods by Indian retailers? What other factors may be causing this boom?
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