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Indian retail market has potential to grow to 1.1-1.2 trillion USD by 2020: Report

Indian retail market has potential to grow to 1.1-1.2 trillion USD by 2020: Report

Mumbai, Jan 15 (IBNS) India’s retail sector has the potential to grow to 1.1-1.2 trillion USD by 2020 from 630 billion USD in 2015, reaping the benefits of a large, young population joining the workforce, 70% increase in income levels, increase in the number of nuclear families and increasing urbanization, says the report titled 'Retail transformation: Changing your performance trajectory'.