Retail Boom - Can it alter what we eat?

Recently, there has been news of many Real Estate and even other corporate foraying in the booming Retail industry in India. At present the organized sector accounts for only 2 to 4% of the total market although this is expected to rise by 20 to 25% on YOY basis.

Some Key Facts:-

1. Retail is India’s largest industry, accounting for over 10 per cent of the country’s GDP and around eight per cent of the employment
2. The market size of Indian retail industry is about US $312 billion
3. Organised retailing comprises only 2.8 per cent of the total retailing market and is estimated at around US$ 8.7 billion
4. The organised retail sector is expected to grow to US $ 70 billion by 2010

Source : REASEARCHAND MARKETS

Indian Retail sector offers huge opportunity for Retail Dining as well and with the fast economic growth of the country, more disposible income with individuals and people willing to spend money on quality products and entertainment, retail dining is giving a boost to the resturant and snack chains. Every big retail setup requires a good amount of eating space for people to sit and relax after shopping.

Big international retail giants like Tesco, Coles and Walmart have been trying to make it in the market, but so far only walmart is the one successful in working out the option. Coles, Tesco, Sainsbury, all of them if come to India will bring a big revolution in the food industry too in India, since that means a lot of ready to eat stuff which suits the neuclear families of working partners and high quality high priced food material. Currently, though Indian chains are doing it, but the quality of "Ready to Eat" stuff is still a long way to go.

Now consumers will have more choice and variety and soon India will have more food and non-food brands collated at one place than anywhere in the world. I beleive, its just a wait and watch with excitement :)

I think this revolution will change and is already changing the living and eating styles of many families in India, which will carry it's pros and cons.



Contributed By : Rahul Gandhi