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INDIA   RETAIL MARKET    The retail sector in India is witnessing a huge revamping exercise as traditional markets make way for new formats such as departmental stores, hypermarkets, supermarkets and specialty stores. Western-style malls have begun appearing in metros and second-rung cities alike introducing the Indian consumer to a shopping experience like never before. India’s vast middle class and its almost untapped retail industry are key attractions for global retail giants wanting to enter newer markets.   The structure of retailing is developing rapidly with shopping malls becoming increasingly common in large cities, and development plans being projected at 150 new shopping malls by 2008.   Rated the fifth most attractive emerging retail market, India is being seen as a potential goldmine. It has been ranked second in a Global Retail Development Index of 30 developing countries drawn up by AT Kearney. AT Kearney has estimated India’s total retail market at US$ 202.6 billion which is expected to grow at a compounded 30 per cent over the next five years.       KEY STATISTICS   Population: 1,095,351,995 (July 2006 est.)   Age structure: 0-14 years: 30.8% (male 173,478,760/female 163,852,827) 15-64 years: 64.3% (male 363,876,219/female 340,181,764) 65 years and over: 4.9% (male 27,258,020/female 26,704,405) (2006 est.)   Population growth rate: 1.38% (2006 est.)   GDP (purchasing power parity): $3.611 trillion (2005 est.) GDP - per capita (PPP): $3,300 (2005 est.)   Unemployment rate: 8.9% (2005 est.)

Retailing Industry   Australia >> Canada >> China >> France >> Germany >> Hong Kong >> India >> Indonesia >> Italy >> Japan >> Malaysia >> Netherlands >> Pakistan >> Philippines >> Russia >> Saudi Arabia >> South Korea >> Singapore >> Spain >> Switzerland >> Taiwan >> Thailand >> United Kingdom >> United States >> Vietnam >>