date:May 18, 2012
There has been a gradual transformation in the formats of retailing in India from traditional village shandies to kirana shops to the modern organised retailing (the organised retail chains or supermarkets). West Europe and the USA were among the early ones to experience such a transformation, have now reached the stage of saturation and hence are looking at the developing countries to expand their supermarket operations. The size of Indian retail is estimated at Rs 17,497 billion in 2008-2009,