29th, Jan 2020 , Wednesday
mumbai, Maharashtra, india
India has risen to 15th position on the back of solid growth in retail sales and strong prospects for future GDP growth. India's retail market is expected to grow to $1.3 trillion by 2020, and GDP is expected to grow at 8% over the next three years, making India the world's fastest-growing major developing market. India represents a good opportunity for international retailers in single-brand retail, cash-and-carry, and e-commerce, as the country appears to be on the cusp of a strong growth phase over the next five years. The tipping point for brick-and-mortar retail continues to be the opening up of FDI norms in multi-brand retail, a move that is not expected in the near-term. A show like GSI will allow everybody in the supply chain to come together and showcase their products and increase the growth rate.
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