date:May 18, 2012
with food and beverages contributing 61 per cent. The retail industry considered as a service sector has witnessed an impressive annual growth of 11 per cent since 1991. Accoridng to AT Kearney, India was ranked fourth in the global food retail index in 2011 (two positions ahead of China) and second in terms of the global foreign direct investment (FDI) confidence index (which was next only to China). The organised retail sector accounted for about five per cent of the total retail trade in the