According to leading global analyst firm Forrester Research online retail sales in the US market (the largest buyer of Indian IT solutions), will touch USD 229 billion by 2013, growing at a CAGR of 10 per cent over the five-year forecast period (2008-13).
Recent research has indicated that the total retail market in India is worth around INR 1,268,000 crore and encompasses over 12 million outlets. Of this, organised retail accounts for approximately 4.5 per cent of this figure (i.e. INR 5, 7020 crore), and is expected to grow to 10 per cent of the total market in the next five years, the current economic climate notwithstanding.
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