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Jan 16, 2018
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Organised retail share in India to touch 10% by 2020: Crisil
In the light of the government’s decision to allow 100% foreign direct investment (FDI) in single-brand retail under the automatic route, the share of organised retail in India is expected to rise to 10% by 2020, up from 7% in 2016-17, said a statement from the ratings agency Crisil.
Before the change in rules, Crisil had estimated the market share of organized retailers to grow to 9% of the overall industry, by 2020. The impact of relaxation in rules would be more pronounced in the apparel, luxury goods, home decor, footwear, and electronics segments, the statement added.
Source -
http://www.livemint.com
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