As per the Department of Industrial Policies and Promotion (DIPP), with Foreign Direct Investment (FDI) equity inflow totaling to US$ 344.9 million during April 2000–September 2015, Indian retail industry has arose as one of the most dynamic and face-paced industry. Conforming the above, Boston Consulting Group and Retailers Association of India published a report titled, ‘Retail 2020: Retrospect, Reinvent, Rewrite’, highlighting that India’s retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015, driven by income growth, urbanization, and attitudinal shifts. The report adds that while the overall retail market is expected to grow at 12 per cent per annum, modern trade would expand twice as fast at 20 per cent per annum and traditional trade at 10 per cent.
Further, to ease the retailers, The Government of India has introduced Goods and Services Tax (GST). Implementation of GST is expected to enable easier movement of goods across the country, thereby improving retail operations for pan-India retailers. Trans- Globe Advisors can be your perfect solutions partner in such exhilarating times to be by your side as you face global challenges.
March 28, 2018