India-Retail Industry

Last Updated: Jun 15 2015 | 4:35 PM IST

New Delhi, June 15 (ANI): Retail industry in India will get a transformational push with the collaboration between the organized, unorganized and online retail growth. The recently held conference, 'Changing face of Retail-Decoding the future', organised by Confederation of India Industry in the capital city of New Delhi, discussed about the improvisation retail industry has been showing from past some years. The industry aims to serve better services in future, as with the initiation of online segment and the positive development in the offline segment, the demand of both domestic and international retail sector presumes to upsurge. According to the Boston Consulting Group and Retailers Association of India's report titled, 'Retail 2020: Retrospect, Reinvent, Rewrite', the market is expected to double to US$ 1 trillion by 2020 from US$ 600 billion in 2015 driven by income growth, urbanisation and attitudinal shifts.

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