India tops A.T. Kearney's list of emerging markets for global retailers

The 2nd fastest growing economy in the world

The 3rd largest economy in terms of GDP in next 5 years

The 4th largest economy in PPP terms after USA, China & Japan

Among the top 10 FDI destinations

Fastest-growing Asia Pacific market for international tourist spending

8% economy growth - expected to exceed that of China by 2015

Expected to become the 3rd biggest economy in the world after China and US by 2032

India is a perfect destination for business expansion -
      * A stable government with 2nd stage reforms in place.
      * Well-established Corporate Ethics.
      * Major tax reforms including implementation of VAT.

Key Drivers of Growth

Indians, with an ability to spend over USD 30,000 a year (PPP terms) on conspicuous consumption represent 2.8% of the entire population. But with a population base of 1.07 billion people, this number amounts to 30 million people, a market next only to USA, Japan and China. While consumer demand is driving retail growth, it is in turn being driven by the following factors: -

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Anuraag Mittal is B.Com. (Hons) & M.Com. (Specialization in Marketing) from Delhi University, PGDBM (Marketing & HRM) & M.Phil. (Management) from Bharati Vidyapeeth. Also done Ph.D. from CCS University, Meerut. He is currently working as Reader in Department of Management, Delhi Institute of Advanced Studies (DIAS). He is the co-author of the book titled, "Case Studies in Management".
Suchi Priya Mittal is B.Com. (Hons) & M.Com. from University of Delhi, and is currently persuing Ph.D. from Faculty of Management Studies (FMS), University of Delhi in the area of "Emotional Intelligence". She is also working as faculty in University of Delhi and is teaching Marketing, Advertising, Management & Economics.