In India, the retail industry is vastly unorganised with the organized setor coming to the fore in recent times only. For the year 2012,the organised retail accounts for 7 per cent of India's US$ 435 billion retail market and is expected to reach 20 per cent by 2020.
Of this food accounts for 70 per cent of Indian retail business,but it is mostly the unorganized area.Organised retail has a 31 per cent share in clothing and apparel and continues to see growth in this sector.
The home segment shows promise, growing 20 to 30 per cent per year. India is likely to become the world's best retail economies by 2042. The industry is also slated to be a major employment generator in future.
The total retail sales in India will grow from US$ 395.9 billion in 2011 to US$ 785.1 billion by 2015, according to the BMI India Retail report for the third quarter of 2011. The annual retail sales growth of 12.2 per cent was achieved in year 2012.