The report adds that retail spending in top seven cities in India was US$ 57.6 billion. As per a report published by Boston Consulting Group and Retailers Association of India, the retail market in India is expected to nearly double to reach US$ 1 trillion by 2020 from the existing US$ 600 billion in 2015. Retail is one of the most dynamic and fast paced industries due to the entry of several new players. As a result, the sector has been attracting attention of foreign investors. According to the same report, India is ranked third after China and Brazil in terms of net retail sales. ![]() As per a report by AT Kearney in 2015, India is ranked eleventh on basis of market potential of the retail industry globally. ![]() The retail market in India is considered to have high market potential, moderate political risk and low economic risk. The retail industry in India is one of the fastest growing industries in world.
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