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The Indian retail sector is the fifth largest global retail destination and India has the highest shop density in the world with 11 outlets per 1000 people. Retailing is a pillar of the Indian economy and accounts for 13% of GDP. There are 14 million outlets operating in India, more than the rest of the world combined, with the retail sector having annual sales of $430 billion, though 90% is controlled by unorganized shops.
- Author
- Pravinkumar Patra
- Language
- EN