Why e-tailing scores over brick & mortar

India's private consumption in 2013 is estimated at $1,100 billion, of which merchandise retail is about $500 billion. At about $38 billion, corporatised retail accounts for less than 8 per cent of merchandise retail spending in India. By 2023, private consumption is expected to grow to about $2,000 billion, of which merchandise retail is expected to account for about $900 billion. Corporatised retail is likely to cross $200 billion and account for about 24 per cent of overall merchandise retail spending in India by then.

Read Full Story>>